With the crazy market, houses in the neighborhood (within the last 5-6months) have been selling at very favorable prices - and not entirely updated.

FICO score crushed for the foreseeable future.2. stress on banking and investors who buy their loans.. maybe they just stop buying investor loans from small time landlord properties and you will see your values plummet with no liquidity in the market  just like 08 to 2010.reality is there are work outs for landlords there is mortgage forbearance for those that actually need it etc.. keep in mind 80% of renters are paying rent.. and on BP at least if you read the super landlords on this site hardly any of them are not getting paid.. its not a big enough problem that is going to curry public favor.. you are in a small business you do this for profit and loss and for risk reward.. don't want the risks don't buy rentals.

@Terry MillerDo me a favor watch Brandon Turner's youtube video.

Plus, you can have just one umbrella policy for the LLC to cover multiple properties which is much more efficient.Yes, if you are highly concerned about a lawsuit, then you need to establish LLC(s), refinance/finance with commercial loans (whose rates and terms are less favorable than conforming residential loans) so the mortgage is given by the LLC (and not you), and operate the LLC correctly to protect/maintain its corporate veil.So, sounds like you want to slowly change your existing LLC to a holding-type LLC? 

@Michael Plante my home market is not conducive to the strategy of small MF properties and the landlord tenant laws are not in our favor.

All that cash comes from the LP, who makes $6,300 less.It certainly seems like this is 100% skewed in favor of the Sponsor at the expense of the LP, based on my understanding.

Here in NYC, landlord/tenant laws are increasingly favoring the tenant so you might have better protection OOS.That being said, NYC is still a great option.

As I see it, you either perform to meet the bank's new demands, or leave this bank in favor of another lender. 

Some loans will come with defeasance or yield maintenance, while others will have step down prepayment penalties.A good loan broker who specialized in MHP debt can guide you with respect to the right choice for you as the buyer, which type of lender will be best suited for the park, where the terms will be the most favorable, and where the hurdles will likely be.

I don't think either of you do yourselves any favors in this exchange, to be frank.