You're running a business...the tenant does not 'inform' you when they will be paying their rent...they are contractually liable for paying at specific amount on a specific day. 

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

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.

I'm not sure if we can do business together, but we could certainly chat and see.

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.

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

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

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

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

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.