Neither the other co-owners, nor the sponsor, nor the manager may advance funds to a co-owner to meet expenses associated with the co-ownership interest unless the advance is recourse to the co-owner (and, where the co-owner is a disregarded entity, the owner of the co-owner) and is not for a period exceeding 31 days.The co-owners must share in any indebtedness secured by a blanket lien in proportion to their undivided interests.Distinguishing a Partnership From Co-Owners of Leased PropertyIn the case of property to be purchased by more than one equity investor and subjected to a long-term triple net lease, it may be possible for each equity investor to structure its participation as a purchase and lease of an undivided interest in the property, separate from the other equity investor's transaction, so as to preserve arguments that the equity investors are mere co-owners.

Lastly, a quick google search on the nearest, prison, chemical plant, and emergency stations nearby

Then you can either own and operate this new structure (like a Trump golf course), or you can sell it, like a new housing development.1b) Development can also be taking something old, like the Old Post Office in DC, and turning it into something new, like a Trump hotel (this is happening currently), thereby adding value.

Because these are personal and not commercial investment property mortgages, the structures are very attractive - 30 yr fixed rates that are around 3.5%, 20% down originally, with no prepay penalties, reserve requirements, etc.

Because these are personal and not commercial investment property mortgages, the structures are very attractive - 30 yr fixed rates that are around  3.5%, 20% down originally, with no prepay penalties, reserve  requirements, etc.

For example, most picture a construct where each property is individually defined, with separate land and structure being owned by individual owners, that than there is a Home Owners Association to govern, comprised of a board who has been elected into positions of governing, and most often who hire a property management firm to complete the day to day operational duties.

There are a couple on the forum.Your profile also mentions that you have an entity "WNY Property Group", depending on how this entity is structured, you may have a separate filing obligation.Best of luck.

Are there any pitfalls to watch out for and are there any structural ramifications.

Unlikely insurance on 2 structures will be only $88 per month.

Seems to be one that many of my clients run into before finally able to figuring out how to structure.