It may be worthwhile to work with both an attorney and a CPA to get the operating agreement properly structured.

The town has not bitten the dust, it is doing what is necessary to reorganize so it can continue operating.

While a closing agent is not required to tell you everything they know, they do need to answer questions that concern you, so just ask...In this case however, the seller was your mentor, so you had knowledge of how the guy operated, at least the types of transactions he used and seems to me that in itself should have been fair warning in dealing with him in the first place.

Just because an inexperienced group buys property, it doesnt mean they are going to not know how to operate/maintain expenses.

With the disclaimer that everyone should talk to their CPA before proceeding to discuss their individual needs and personal tax situation, I think it's best to operate out of an entity.

I am currently logging them on excel, but I am not familiar with the commands and formulas to operate excel efficiently, or if it can even do what I need it to do.

They never installed backing underneath and over time stress fractures develop.

These farmers were assisted by private money lenders operating out of the local villages.

Many of them operate on a sliding scale, based on your income, and you can find them by doing a search, or in the yellow pages.

It is very nice to have a homebase to operate from.