They are concerned about the taxes the IRS charges foreigners on income.

We initially thought that the profits would be allocated in proportion to the amount of capital a member invested. 

Between VRBO / Airbnb apps, automated templates, and your boots on the ground team it’s very easy and not very time consuming (once you get it going- initial setup on new properties can keep you a bit busy).The only requirement is having your phone on and with you 24/7 to quickly respond to inquiries & questions.

If the high rise developer had your land at the beginning, they can request to build higher or have more units in the initial zoning and planning.

After two years the initial loan amount is returned.

The reason I am not planning to do initially is that I am in a time pinch and am unable to meet with my attorney who recently setup my personal series.

My friend who is an engineer thinks that the town should be dealing with the initial problem of the drain.

Given your objective of getting educated about real estate investing and your two constraints, children and a full-time job, I would not worry about getting licensed-at least initially.

I only charge 8% to my buyers, but it still provides more than I had before, and it provides a service to my clients.  

If you're doing all of the accounting and recordkeeping for the properties and giving the CPA good Income and Expense records, this level of fee is pretty high, in my opinion.I might charge something like that only if you were handing me a shoebox, 20 bank accounts statements for the year and incredibly messy recordkeeping.