In addition, The Management Company LLC in (2) would be separate from the other LLCS, own nothing, but serve as the "point person" for each individual facility when it comes to collecting rents, paying expenses, etc. 

Do I send a single letter to both, a separate letter for each, or three letters: one addressed to both, and one to each of them ?

The main thing I was looking for was a duplex or a split level home that I could convert to 2 separate, livable units.

Keep in mind others may do the total opposite of what I recommend, but that’s what separates us.

@Chris Seveney @Nikhil NirmelThere are separate regulations than 506b for crowd funding that do allow non accredited investors.

According to the statute it needs to be a separate account set up and specially labeled as a trust account.

This is a significant expense if the property is not separately metered, which is rare for heat costs which is the biggest expense 3.

Are you sure everything is separately metered.

Separate the taxes (30-35%) as they come in rather than worrying about it later (1099).

Can you have them all in separate Llc’s but have a group llc that owns those Llc’s and then all of your leases and expenses go through that group.