I am also under the impression the a TIC (tenants in common) situation could also be a Security in some instances.After talking to an attorney, talk to a Real Estate Investment CPA about what the attorney recommended, and talk about personal tax implications, book keeping costs and tax return costs, etc...Partners can be common lingo for owners of LLC Membership Units with a lot of people.Good Luck!

That's impressive, and it certainly bodes well for your future in Real Estate. 

Bad first impression imo.

I am somewhat under the impression this then puts the decision on the LLC which to me seems a little backwards.

@Zach Evanish I was under the impression that the portfolios were only for accredited investors. 

I'm not sure if you actually do think this way, but this is an impression you certainly created for agents who read this without accounting background.

Currently, we are all under the impression that our HOA takes money and does next to nothing with it.

We (my brother and I) bought it for $65k plus closing costs from Mainstay Property Group, which is a pretty impressive wholesaling operation run by the Manship brothers.

You’ll need to validate the demand and financial operations of the park to justify such a high price on a per lot basis.My initial impression is that this property is richly priced but it depends on the lot rent and expenses.  

I would be happy to send you a very impressive presentation from an economic forecast I attended recently.