We also are able to manage multiple notes in the sale LLC and then we can pour the proceeds from sales (along with profits) back in to compound yields.I know there are many ways to do it, but I hope this helps you with at least how we manage things.

I and my wife consider ourselves privileged to know Sean Terry and if you ever meet him or his team you will feel the same way!

We started with this strategy in 2013 and nearly ten years later we have 13 properties in King County / Seattle and $15,000 / month of passive income profit - if you stick with it the results compound quickly!

Third lifeline: sponsors and general partnersIf you're not just a passive investor but are also the syndication's sponsor, manager, general partner or are otherwise involved in the day-to-day operation of the syndication, then you're in the special privileged group.

Well, let me tell you that every single person who checked the box on the form to say they either could or would do whatever was necessary to pay for the privilege passed that interview.  

This is compounded by the quality of renter that utilizes a mobile home as compared to that of a single family home.  

Using debt compounds these risks so I'd argue you need to be even more conservative and seasoned to use debt for what you're trying to use it for. 

I recently attended a seminar by Fortune Builders, was persuaded to go to their three day summit for $200, and left after the second day because I didn't like the way they tried to make you feel privileged if you got 'selected' to do their mastery program for $35K.

They're paying for the privilege, but you have the right to have reasonable screening to protect your house.

Work through your learning and problem solving TOGETHER, in a methodical manner:what's the problem to be solved (and each should not be compounded with extra conditions).list all possible solutions you can find (without discarding any due to bias, personal business ideas or obvious negative effects).then find and list all pro+con issues related to that solution you can.SAVE your work in a binder for quick access later and to visibly demonstrate just how far you both have come.There's no rocket science in REI, but limited exposure to business concepts, contracts, accounting, marketing can ALL be overcome and your partnership will grow as a result.