It's a smart thing to get into REI, and maybe you are very different from your peers, but anyone can learn to do it and results won't show if you don't put the work into it.

If they where smart they'd offer to buy it from you.I'd have an agreement with the park manager/owner that they'd offer you up to $xxx if you get the title after no redemption period times out.

I do not believe in trying to time markets because I'm not that smart, but I do not want to risk a 10% drop in the market as that will eat much of my profit. 

@Phillip Dwyer, @Tiger Adams, @Joe O might be able to give you some great insight, they just did a drive by of my last vegas unit on thursday, and are pretty smart people.

He seemed very smart.

@Denny Robert  Cool story....smart move on your tenants part though....He was probably afraid you raise it $100, so he's trying to lock in at $50 ;)

Even with the technology we have, buying or selling a home is a lot of paperwork and unknown processes for a typical retail buyer.  

Technology speeds up the process and brings efficiencies, but at its core this industry is just a 21st century version of the real estate syndicates of the late 80’s.

Also please note - the LLC's are purely for liability purposes, not for any kind of tax breaks.Best advice is do it first and ask for forgiveness later (be smart prepare your ability to do take out financing in the event they get quirky).Most lenders will be fine, I assume you've paid atleast 6 months payments so far prior to this transfer to your LLC.Who wants to call a performing note?

Im trying to understand my local area so that I can make a smart offer on my first real estate deal.Thanks,Robbie