It isn't a taxable event for you until "if and when" he exercises the Option.

I've found a number of companies in other states typically offer 2 months of management fees for a new management contract, and an agreement that they will refer the client back to the agent/broker that referred them in the event the client is looking to buy or sell investments. 

In the event that you don't use it for college studies you can also apply it to other learning course or simply withdraw it and pay taxes on the gains.

I attended a few out-of-town events to get a feel for different meeting structures.

There should be a local reia, meetups, there are sometimes events posted on here.

Even if it's turnkey, all it takes is one unexpected event that your reserves can't handle and there goes your cash flow for a year plus.

In general contributions into and distributions out of an LLC are not taxable events. 

If a partner contributes $1, there basis has changed, although it is not a taxable event. 

So the other 4 bus would be rented/sold.Some ideas given to me:1. was to rent them out during major events (ie Stampede) by parking them on people's parking lots (obtain their approval and pay them for the space) 2. airbnb, team up with people with country lots and rent space from them Thanks in advance. 

There is also ICOR, which is general in it's membership and has a specific format for their events.