The boundaries are marked with loose rocks and a curb that the title company says "appears" to be a boundary but cannot guarantee without a lot line.A survey is needed.

That seems excessive to have 6 separate LLCs, I would forgo the liability insurance in favor of one umbrella and maybe merge/dissolve at least some LLCs.

If you want to spend time getting multiple bids and negotiating with contractors, cut the PM loose and do it yourself.

- You will loose the opportunity to claim the  Recoverable Depreciable amount as repairs were never done.

I would like to own the building but don't want to risk a law suit and loosing my other properties.

Purchase price: $295,000 Cash invested: $40,000 After loosing my shirt and investment property in the 2008 housing crash I have recouped my finances and have started investing in real estate again.

I do know that as investors sometimes we loose much more money trying to get back what we lost.

You can add variable values, which can allow you to compare different situations and conservative/loose scenarios.

Background: We live in a Mobile Home community and want to buy the park from the commercial company who is exploiting the lack of regulations to run the residents out of their equity and their cash by excessive lease increases.When we can find a way to get between 250-300 mio at a rate as close as possible to 2% and paid down in about 50 years, then we can stop the lease increases by converting to resident-owned park and use the existing cash flow to pay down the loan, besides residents who might outright buy their share and pay off instantly.Any creative financing options out there if we want to allow some residents to remain leasing and some to buy their share immediately or upon sale of their home and their share of the park?

If you are not worried about loosing some comfort, I would suggest sticking to rent by the room, and really supercharge your FI.If you qualify for a traditional mortgage, and you are able to acquire a 5-6 bedroom home here in the Denver area for between 450-500k (with the current prices of homes) then by renting out the other 4-5 rooms that you and the GF don't  occupy, you will be able to live for free, and producing cashflow.