I have a page for the selling-to-investors aspect of my business.

The Operating Agreement for the LLC (this is the governing document that lays out all the operational aspects of the company and the officers) should spell out specifically how things like changing equity percentages and adding/removing members.But, in general, you can do things however you and the other members want to do them...just make sure you capture the agreement in detail in the Operating Agreement, so that there is little room for confusion later.

We just started investing in February so we can use all the help we can get ; we’re re-strategizing with these points in mind(thanks a lot for the masking tape idea that was very helpful), We’ll let you know how it works out.

A good rule of thumb for what price you should pay is ARV * .65 - Repair Costs - Your Profitwhere ARV is the After Repair Value.This strategy requires you focus on only 3 aspects:1.

I would enjoy the aspects of real estate.

•providing you with monthly and annual financial reports, so you always know how your property is performing •tracking and invoicing tenants for CAM charges •maintaining and keeping your property in exceptional condition and undertake specific preventative maintenance processes•professionally marketing your property to minimize vacancies and maximize income via my numerous industry related affiliations and web presence •overseeing the leasing process (if requested) finding qualified, suitable tenants, and professionally managing every aspect of the landlord-tenant relationship •overseeing initial tenant improvement installation and/or renovations •collecting rent and late •ensuring that your property complies with federal, state and local laws and regulations •maintaining insurance policies for the property and coordinating the payment of all property expenses •responding to tenant requests in a prompt and professional manner •providing you with a successful advertising strategy that keeps your property rented •credit and background screening to insure your property is respected •cost reductions- your property will benefit from detailed expense reviews and wholesale pricing for re-occurring and non-recurring expenses.

Eric M,Great topic as I am one of those 'Try to study EVERY aspect and do NONE'.

Like everything It qll depends on how well you buy.I would not suggest buying a Park untill you know the mobile Home aspect of it.Originally posted by Mr_Investor:What's better mobile homes or mobile home parks as far as investments and cash flow is concerned?

What would a depreciation strategic deal look like for you?

There is a lot of good info on this and other aspects of rei on the forums...visit daily so you have a foundation of knowledge to work with.