But if it's just a side hustle, the regulatory complexity and stakeholder balancing act can quickly become overwhelming.

It gets complex fast, but in essence, say Partner A contributed $600k cost property with a FMV of $1.5m and say Partner B contributed $1.5m in cash.

More losses.Do you think the closing attorneys should have checked probate court to see if there was a case by the estate when I purchased? 

The biggest headwinds right now are heightened construction costs largely driven by more expensive MEP’s, introduction of more complexed building codes, higher interest rates and opex costs impacting debt coverage which directly impact refinance options.

In many cases, having these protections in place also strengthens your position during negotiations or legal disputes, often resulting in more favorable outcomes.To navigate these complexities effectively, I highly recommend assembling a trusted team of qualified professionals.

We are just starting out and looking for guidance on the right way to get started vs complex tax planning.

In other words, does the higher cash flow justify the added management complexity and long-term maintenance exposure of a park-owned model at this size?

You can sell multiple properties and roll all the proceeds into one or two replacements without triggering tax, it’s called a “multiple relinquished property” exchange.The complexity mainly comes in timing and coordination.

This is a super complex business model end of the day. 

@Maya Jones I would use the Illinois Supreme Court document.