I am reaching out to ask if anyone has explored avenues of building or remodeling a structure into a Cohousing situation here in SD?

Depends on how the house is structured and how you feel about privacy.

We would prefer not to make them members of the LLC because that would prompt the bank to require them as guarantors on the loan.Given this information, can I get some suggestions for how I could structure the deal for the investors?

I’m seeking a service not to just set up a Wyoming LLC, but to help structure a strategy for multiple entities.

Whatever comp structure we negotiate would be between us and wouldn't cause it to be considered a security, even if that structure included a preferred return similar to a syndication.Is that a fair restatement of your comments?

@Matt Concannon sort of....it's usually 6 months but if you buy it with the proper structure you shouldn't have to wait at all. 

If you can structure it to the pint where it cash flows and makes sense for all parties involved, this is a great way to reach your goal of 10+ units with limited capital.

What I mean by that is, if the profits/returns justify the legal costs, then go for it.A general rule of thumb is over 10 investors, it's going to be a security and warrant a properly structured entity for syndication.

I am going to structure the deal at 8% interest for 3 years, with a balloon payment after that.

The garage is not a health or structural issue and I always point that out during open house viewings so there are no surprises, so I can deal with that being a manual process long term, but I do need to have the air quality checked in the unfinished basement so that if a potential tenant ever did bring up that point, I will already have inspection info present or know what avenues to take if a new inspection is required.