I'd make sure I get a copy of the current LLC's operating agreement and see how decisions are made and all the details of their agreement with each other and potential new members.

Yes, I live in So Cal where music, film and entertainment people abound, however I did not want to have to think about how the product gets made, only show up and be the Johnny Carson, not the boom operator.

Which is how 90% of the US markets operate. 

Would be great to have a referral for a carrier that operates in AZ.

I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

I have a property I am considering buying I believe I am going to keep it as a rental due to low operating cash but can still possibly flip. 

Now that I have 12, I am understanding the "ebb" or "flow" of operating capital and  how to easily keep 6 months reserves, it is all easier with more cash flow now, in a few years you can refi or pay extra principal if you like.  

If you set up and operate your LLC properly, you cannot be personally sued by a tenant, and you cannot lose any personal assets.  

This is how I have operated thus far.  

And normally, the lawyer will help draft the operating agreement or partnership agreement.