The owner can legally implement a community rule change banning the use of oil heating and force all residents to replace their furnaces to use electric or propane/natural gas.Be careful in assuming a community owner has no rights or taking advice from those that do not invest in land lease communities.

Disclaimer:  I am not providing legal advice in any post in this thread.

Seek the appropriate legal counsel on the best way to set up and manage your LLC.I hope this helps.

I think once you factor in vacancy and legal expense (which I don't see), you would be closer to that $15k.A class C building will probably wind up higher on the maintenance side. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

I am looking for some legal advise to determine my business structure in the US.

Hello, everyone.Still relatively new at this and learning more processes. Can anyone recommend some good investor friendly attorneys ( I hope to find at least 3) in Chicago. Perhaps some who can explain their roles at...

@Vincent Finn When you begin to accumulate properties ( i.e. five or more)It would be advisable to form an LLC and separate yourself personally from the business just to make sure that your personal assets are protected legally.

If the house is a preforeclosure, the owner might owe 3-9 months of mortgage payments to the bank and owe back taxes, interest, penalties and legal fees. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.