I have some literature I can send to you to describe the choices syndicators generally are required to make when setting up their own funds.

Thanks,Ryan

If there is a surplus, we give the tenant the choice of leaving it in the fund (i.e. winter is approaching) or having it applied toward the next month's rent.

Hi Ryan,We left about 11 years ago...this is on the near northwest side.

Thank you for the advice Ryan. :-)

What do you think the best choice is in your opinion?

An LLC is an LLC, so I'm going to go on the assumption that you mean how it should be taxed: as a partnership, a corporation, or as a disregarded entity (which would pass through onto your personal income tax return(s)).That question is best answered by talking with your son and your accountant; the three of you should quickly come to the choice that works for you.

Thank you Ryan.

You can put in your lease that if the tenant is late you may cut off a finger of your choice.

I know I'm throwing ideas against the wall, but if you don't have a team in place, then your only choices are a helpful business acquaintance or wait until you get back.