This keeps the LLC compliant with state law for conducting business in the state and grants the LLC standing with courts of the state to pursue or defend legal actions.The question would be "does the activity create a business nexus with the state"?

@Grant Rothenburger As I also mentioned to Naomi I don’t think subdiving it would be possible with the the zoning laws in my area. 

@Grant Rothenburger thank you for sharing that advice. 

I say he could have granted the buyer a MLO and/or long-term purchase and sale agreement that had the terms of the exit established, yet closing delayed until his passing. 

He adds they haven't really lived there in two months for more than a couple days because they feel sick there.- Today we offer to terminate the lease for the remaining 3 tenants but we hold remainder of the security deposit.

Everything I've read says network, network, network...hard to do from here (granted I'm not a natural networker anyways).These are all mostly excuses...I acknowledge this.  

Is there a way to legally require a larger security deposit?

I would do 2nd mortgage with the interest as high as allowed by your state to secure your investment and the balance of the promised return should be in your JV agreement in the LLC.

You could then use that $95k to secure financing for another $300k in property. 

if anybody knows people who are involved with buying and selling non performing and performing notes please list there names by replying to my post, thank yousome other strategies that i've came up with to find notes for sale are researching institutional buyers and sellers for mortgages back securities