Where title is transferred as certain amounts have been paid, say when 25% equity is established in a property and each property is viewed as a seperate transaction, properties being placed in line to be purchased from one payment stream.You didn't say if there was any underlying mortgage on the properties.Another issue is that a MH park is usually under on legal description, so dividing each one out is not practical.

So I established an LLC in Michigan for my rental properties and recently moved to North Carolina.

I think to be successful in this business long-term it's important to get to know the players in your market and establish a reputation because you never know what relationship will help you complete a deal somewhere down the line!

If said person were to join an LLC by amending operating agreement to establish ownership or a decent amount of ownership of an  LLC that has ownership of 393 units bought 20 years ago would the experience of that ownership be transferred to the member that has just joined?

This would allow you to establish a relationship with a HML too, so you can open up other options as you scale.

About the unauthorized parking, there are some strategies you could use that will put you at odds with your tenants and others that will guide your tenants to follow your established parking policy.

A copy of such guidelines is made available at (the office, public library, on line @).Such a disclosure could be incorporated at the bottom of the handout.I'd probably just state that:The applicant's family qualifying monthly income must be three time the rent established."

As the argument goes, the S corporation can establish a salary or bonus for its stockholder-employees, and pay social security and medicare taxes only on the salary or bonus.Issue #3: Exceptions to Passive Loss Rules, We are the high earner couple over $150K AGI so we are getting ZERO tax deductions for rental losses.

I was looking into when I should establish a LLC for the investments.

Purchase price: $318,000 Cash invested: $15,000 Sale price: $380,000 2900s sqft. 5 bed, 3.1 bath single family residence in established neighborhood