My accountant thinks a single member LLC would make the most sense for my wife and I to use for our park. Anyone else do a SMLLC? Pros and cons?
We have a home in the park, stick built, that was in place first for 20 years, then we park put in around it… should we attempt to survey it off separately from the remainder of the park for future protection?
My theory is that if my accountant or lawyer tell me to do something, I do it. I seen no protection that you would get from splitting off stick built.
If financing or re-financing is in the future, you may need to survey off the house. House + mobile home park doesn’t fit in a nice category for reselling your mortgage.
No you do not have to split off to refinance.