To come home and find a vacate notice on the door from a court is just as bad.You need to help her protect her so she can maintain housing.

If your cousin's wife is still very skilled, maybe you have a place higher in the business hierarchy where you can engage her (marketing, client relations, financial management). 

Despite that setup, the HOA has been having financial issues for many years mainly due to a high HOA fee (due to land lease) and dis-interested owners (both old and new) in throwing more money at it.  

He will want to stay involved with the property long after his financial investment is paid back, to get the most bang for his buck which I'm fine with, but I want to create clear expectations for his future return. 

I have heard that I should create a trust to protect family assets, and that there are serious implications based on which corp structure I choose.

Private investors perhaps- although they will want to see financials and earn interest in this "project".The tough part is in you wanting to hold the land for a year for appreciation.

Carlos, Always remember that PICTURES and financial details is what sells RE specially when requesting info and help from others in the real estate business!

There are certainly issues including how many and what types of properties you can sell with these methods and to whom, but most of those are consumer protection issues.  

I have decided to become financially independent and real estate investing is the way to do it!

We loved those units in terms of they were unique that you walk down the front steps to be on the beach sand (the entire unit was on the beach) but financially they did not make sense to keep.