I'd take my chances, not pay them, and then monitor my credit report.

Based on your personal financial position they have been monitoring, the regulatory environment or if they have a good quarter, they can extend or call.  

The ones who have been shut down (and their management arrested) were those who, sadly, cram four elderly in a bedroom, paid "nursing" personnel $10 a hour to monitor them and, in one sad case, gave an elderly woman in a wheelchair her shower by rolling her out into the back yard and spraying her down with the garden hose.If I were to consider renting a property to be used as an assisted living facility I would only do so if their contract was with a VA Medical Center. 

It has no batteries or moving parts.I have a camera system that monitors the front exterior and boat dock for security purposes.I had a parent that rented the house for her high school daughters Prom party.

If I reply to a topic hoping to join the conversation, I want to be able to click on "monitor topic" or "notify when a reply is posted".

I am not sure if they really monitor it a ton.

So long as the partnership capital accounts are properly monitored and the bylaws of the LLC are strictly adhered to, I don't see how this could be penetrated.  

People don't usually worry about Gift Tax, and it is not an area that is closely monitored by the IRS, but it is still the law.Also, it is less likely that he would face a problem with selling you a fractional interest for exactly (or close to) what his basis is in that fractional amount, because the fair market value of that fractional amount is lower because the debt has reduced the amount of equity you are actually buying.  

Now monitoring it is a different story...

Second alternative you a sheriff to monitor the situation.