We are starting the process of dissolving our investment business (LLC) that has two partners.

We have been in Business since 2000, survived the 2008 collapse.

I have sold a couple of businesses as well, and speaking from experience, you are never more vulnerable to make a mistake than when you are sitting on a giant pile of cash.Also, I agree with @Corey Conklin - I'm a big fan of "overflow cities/towns" in the sun belt.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

Quote from @Matthew Paul: I understand how businesses work.

As far as LLC structures and tax strategies you should find a CPA who has experience with real estate and small business.  

He became a contractor, worked hard, and grew a successful business that produced a lot of money.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

We want to grow our real estate business to be able to quit our jobs.

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.