This needs to be done by your attorney as it can eliminate aspects of the nature of limited liability in the structure.Your liability should be to the extent of ownership in your corporation.Admitting new members to any entity requires a close look from both sides, being admitted means you accept all liabilities and contingent liabilities created prior to joining, those allowing a new partner need to ensure the party admitted can carry their share of risk.

Exhibit "C" To Blanket Limited Recourse Promissory NoteFor and in consideration of the payments hereinafter mentioned as assigned to each parcel secured, the Lender Agrees to provide at the time of payment by certified funds a full deed of release for each of the properties collectively secured, all being fully described in that certain deed of trust made of even date.

Thanks Rich, I like the idea of short term rentals especially coupled with my real passion for nature and gardening.

Naturally....

With experience, which he doesn't have yet, he is a natural; I'm not as much.

@Leigh C  @Amanda Young  Paying asking price is not, by nature, a bad thing.

Because of the age of the wood, the natural color/patina was beautiful and by using semi-gloss poly, it turned out very classy.This didn't really answer your question, but I thought it was worth throwing out there.

I believe the housing/"landlord requirements to be regional in nature.  

The historic nature of the building just deserves wood windows.

@James Wise   are you going to put that on your AMEX or just bring certified funds ?