The stated responsibilities sound more like "Planned Development" than a "Condominium" which are both HOA ownership types in California.

Has anyone ever purchased a percentage of ownership in a rental property?  

With over 20 separate buildings the paperwork to do it right would be huge and very time consuming.I use an LLC in my name, but own all my personal assets as tenants by the entireties with my wife, but my wife does not have any ownership in my LLC. 

I have won the auction on a foreclosed property, but the previous mortgagee’s attorney in fact has  signed a quitclaim deed, transferring ownership to another entity after the upset bid period ended.  

@Jay Hinrichs how do they not have to pay excise tax if they take ownership and the buy has to them biu back from them?

I’ve done promissory notes with private lenders but never negotiated what is essentially part ownership.

Hey everyone, if I own multiple rental properties under my own name, can I transfer the ownership to an LLC at a later date?

Purchase price: $55,000 Cash invested: $20,000 Privacy and Pride of Ownership!

However, I've never partaken in ownership responsibilities.So my plan is to purchase a multifam, live in one of the units for a year while saving my usual 35% of salary plus 15k I'd now be saving from what I currently pay in rent.

If you personally get sued for something outside your businesses they can still come after your LLC ownership interests and your assets.3.