For example, if we raise $200k and one investor puts in $50k, they would receive 12.5% ownership (=50k/200k x 50%).I would expect to make distributions based on ownership % annually for cash generated in excess of a baseline bank account which would be the only time I would be getting any current cash out of this type of structure.  

Not just because you will need a broker of record to originate a real estate loan in CA with interest in excess of 10%, but they would be a second set of eyes on the deal and could ask more independent questions than anyone could here.

Many of them also have excessive regulatory burdens (mandatory city inspections, extra taxes on investment properties, etc.) 

I probably should take the time to remove the excess blinds at the bottom of the stack but I haven't yet.

Taking depreciation is not an option but a requirement.Furthermore, why wouldn't you want to take it.The loss in excess of income either offsets your W-2 income or is carried forward and used when you sell the house.Depreciation recapture is taxed at a minimum of 25%, however, the rental loss or suspended rental loss can be used to offset income at the highest tax rate.

It reduced the deductible loss from $18k to $1.5k.I agree with the insurance reimbursement being factored into the calculation of the casualty loss.But it is also affects the depreciable basis of the roof.It's an involuntary conversion to dissimilar property.The 16.5 is all used on the roof so there are no excess proceeds leading to gain.The basis of the new roof is the adjusted basis of the old roof less unused proceeds plus gain recognized.Basically safe harbors would allow the 16.5 to be the decline in FMV.§ 1.1033(b)-1 Basis of property acquired as a result of an involuntary conversion.

Does this sound excessive

The cost to retain an attorney would be in excess of what my profit woulda/shoulda been....    2:)  I can find an attorney and sue the park, the parks manager and the seller for damages, while still accepting the $1,000 since it came from someone whos name is not on the Agreement to Sell Mobile Home.  3:)  I can take my $1,000 that was sent me, not sue anyone BUT, exact revenge in other ways, ie: A. using some type of workaround (as you mentioned), whenever possible, in this companies parks.  

When we refinanced we dropped the excess coverage.  

It can happen with or without excessive currency printing.I seriously doubt hyperinflation will happen anytime soon with the United States Dollar, but I sure wish the US Mint would start minting pure silver and gold coins without a dollar denomination and only the weight and purity in Troy ounces.