It is also reimbursing my vehicle mileage and medical expenses.Also you may need to have the entity registered in the state where the properties are as you need to have a local situs if you need to start an eviction or other legal action.

Some investors are fine with this, but if you want to maintain control, this isn't the vehicle for you.

I'm using this as a vehicle for passive income if there are other options, please feel free to share.

A house vs. a vehicle vs. heavy equipment, etc.

But I believe it doesn't matter whether the vehicle is in your name or the LLCs.

Unlike a REIT and direct LP within a syndication, this typically offers a fixed rate, monthly or quarterly, return, along with a preferred return, that still includes the tax advantages of the LP investment vehicle, since it is backed by real estate.

I want to dip my toes using a very entry level motel as a learning vehicle.

=============The Partner and General Partner verbiage applies to Limited Partnerships which are rarely done these days.The laws make LLC s preferred vehicle for many transactions.But loosely used they do describe the way an LLC can be set up to operate.

Is there a loan vehicle out there that we could leverage for a lot loan with a longer time period - like a 10year arm for lot loans? 

REIG seems to be a great vehicle to pool investment funds, but you don't hear about it that much