Based on some of this information, I asked them to coordinate removal of their equipment. 

Im gonna look into these options.

If you own the main LLC100% and most of sub-LLC’s, definitely speak to an attorney and let them give you options to protect yourself.

I also validate my right to record the Deed by having a purchase option in the JV Agreement.

You can not deny anyone based on "source of income" in Illinois and section 8 is a source of income. 

I'm happy to share more about what makes Indy a great option and help you explore whether it aligns with your goals.Networking is key in this business, so let’s connect and see how we can support each other’s journeys!

Would a better option be to use the HELOC to purchase the short term rental in full with no mortgage?

I wonder if the base over flow will continue into the future?

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly. 

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