Even though this is basic structure, you will need to work with attorney and CPA to draft legal documents and understand the tax implications and compliance. 

The buyer will pay their legal cost and will run it by their own lawyer. 

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.The site has quite a few tools that can be helpful for new members.

People go back up north when it gets so hot.One thing to explore and is an idea that is rocking right now in LA is the concept of an ADU [accessory dwelling unit] or guest units, people are adding guest units and doing ADu conversions - this allows you to take a SFR and add or convert it to a legal rental, as opposed to having to rent out an extra bedroom and deal with roommates, you can take that same bedroom and add a kitchen and bath and you have an ADU that can rent out for a premium.

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.