However, I can answer your original question that yes, there are multiple different ways Hard Money Lenders will structure deals.

Second, I hope to delegate as much as possible, for maximizing the passiveness of my income structures.

I am reaching out to ask if anyone has explored avenues of building or remodeling a structure into a Cohousing situation here in SD?

Depends on how the house is structured and how you feel about privacy.

We would prefer not to make them members of the LLC because that would prompt the bank to require them as guarantors on the loan.Given this information, can I get some suggestions for how I could structure the deal for the investors?

I’m seeking a service not to just set up a Wyoming LLC, but to help structure a strategy for multiple entities.

Whatever comp structure we negotiate would be between us and wouldn't cause it to be considered a security, even if that structure included a preferred return similar to a syndication.Is that a fair restatement of your comments?

@Matt Concannon sort of....it's usually 6 months but if you buy it with the proper structure you shouldn't have to wait at all. 

If you can structure it to the pint where it cash flows and makes sense for all parties involved, this is a great way to reach your goal of 10+ units with limited capital.

What I mean by that is, if the profits/returns justify the legal costs, then go for it.A general rule of thumb is over 10 investors, it's going to be a security and warrant a properly structured entity for syndication.