.- Make sure you get all LLC documents (Articles of Org and Operating Agmt), and that the signatory on all loan docs (Note, DOT, Disclosures) matches the authorized signatory of the LLC perfectly.Good luck!

It is also operated under a single EIN, so there are some benefits through streamlining operations.With that being said, I would also have recommendations on separating your assets from your operations, but then I would veer quite far from your original question.

Profits from flipping at the volume you appear to be operating at would more likely be considered self-employment income subject to regular taxation plus self-employment taxes.In that case, being able to shelter some of that income from taxation by contributing to a Solo 401(k) could be advantageous.  

If you join and attend the chamber of commerce or building planning meetings and organizations you can get a sneak peak into where the next areas of future growth will happen.

It's very nice and relatively easy to operate.

There are things that are more likely to survive and operate through a recession, but there are no guarantees.

I am putting this out there to see if anyone is willing to share their experiences in buying or operating mobile home parks in exchange for a free cup of coffee.   

There are plenty of good companies out there, but few if any compete with Memphis Invest in these few very important areas.Leaders lead by example and are not afraid to shareI know this because we open our doors to other turnkey operators and entrepreneurs, even simple property management companies all the time. 

Can those who operate in texas confirm this.Been buried deep in learning land investing for past month and just looked up and realized its Friday night & I am still reading texas law..ha. 

I would recommend that you probably split that profit in the rental of the unit about 90/10 or 90/5/5 assuming you take all of the property management as your responsibility whether or not you hire a property manager or a property management company to be involved in the daily operations and you would manage the manager and keep their monthly reporting that you need.I am assuming you will own the property under your name or a company you own. and/or you control what happens to the property which might be owned by a Partnership company.