Structuring mobile home parks in different types of entities

[Gulliver R.]

Hi all, I have heard two good ways to structure mobile home park ownership: 1. The Owner owns one Primary LLC > which then owns several Land Trusts (for anonymity) > then each Land Trust each hold title to one MHP (there would also be a separate LLC for the management company that manages each park). 2. The Owner owns one Primary LLC > which then owns several smaller LLCs > then each of these smaller LLCs each hold title to one MHP (again, there would also be a separate LLC for the management company that manages each park). **Good insurance of course for first line of defense for litigation. I wanted to know what some MHP owner's thoughts are about this and how do you all structure your MHP business? Thank you!