California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

@Kashif Ali Khan First, you'll need to make them aware through text, email and ideally a USPS tracked envelope that you intend to keep their security deposit (you should have collected this at the beginning of the lease) and all the excess damages. 

You have $5,000; based on your comments above, your parents aren't millionaires with excess cash sitting and you don't have a full ride to college, thus this $5,000 is important towards your college. 

To add the cherry on top , was the spiked punchbowl of free money which further resulted in the excessive bidding up of real estate values.

The government created inflation through excessive, wasteful spending.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The tenant is paying down the mortgage, there's just less excess cash now than if I refinanced.

Every building is kinda unique and each carrier has their own appetite so it's hard to make a blanket statement. 

Generally, outside of seller financing, the types of debt available for MHPs are:Local & Regional Banks - You can find out which banks have an appetite for mobile home parks by asking the MH/RV brokers in your area, networking through other owners of parks in your area, or simply obtain list of the smaller banks in your area/region and call them to see if they have lent on parks in the past.

Therefore that excess return above 10% therefore gets distributed to the Class B investors which will increase their IRR from the 14% overall LP return to say 15%.So most times having Class A shares, helps Class B investors.Another way to think of it is Class A and B offer investors options.