I recently attended the bootcamp (highly recommended! although I had to leave early…) and am about to get the ball rolling regarding my search for parks.
What I’m unsure about is how to handle expenses incurred during that process (e.g.: skype/headset, mass-mailings, various legal fees, etc). I don’t expect to have a partner for my first park, so I’d likely be following the “Example B” entity structure found on pg. 288 of the Bootcamp Book (a management company, park llc, & homes llc). Obviously I have neither a park nor any homes at this point, so neither of those entities are applicable. Do I form the management company first, and run all initial expenses through that entity? Or is there some kind of separate entity used for the “searching” process when looking for parks to purchase?
I will be discussing this with a CPA, but I also wanted to get input from others to see what they did when in my position.