Being the member-manager of the LLC, you have the ability and authority to act in any way on behalf of the company.

Year 2 and after that is up to his ability to work the deal.

So we have the ability to go 50/50 on expenses and it will also make getting a loan easier.I am interested in getting into REI, mainly flips at the moment and eventually multi unit rental properties for the income stream.So to make a long story short, given my circumstances(money, expereince, market) what would you do?

There is no real connection between a residential property's value and its ability to produce an income stream as a rental.

The contract would be meaningless, and whoever won the sale would now have the ability to buy the house.

The "gurus" certainly won't say that because it cuts into their ability to sell expensive courses and doesn't make REI sound easy.

The ability to conference people in.

If you are only a 1/2 owner then when you sell the ability to receive the gains without tax is compromised.

You touch upon an interesting niche---it's got me thinking...My mother is an one of these communities---age and ability (as in the ability to purchase the property) are the main criteria.

I'm 19, when people discourage me it just makes me stronger inside some how.I know if I want to achieve something,it's how bad I want it.Thanks All Cash for pointing out that I do need finally fix my grammar,and spelling.I know I'm very poor in that area,but love giving speeches.I'm about to take some speech class at my college.Accounting is not in my field at all,but I'll do whatever I can to understand it because it is a key element of understanding any type of investment.After reading "Rich&Poor dad" made me understand it a lot better.I just need to work on organizing, and my focus.