For example, failing to file a Business of Information (BOI) report correctly can result in penalties of $500 per day or even up to one year in jail if the filing is late.2.LegalZoom or Similar Services:LegalZoom can help create an LLC for about $600.

Correct!

I would be totally open to it including an accounting software as well where I can see financials across all my properties because I'm tired of my current accounting program, Wave.

But, he has no ability to take any corrective action he feels is necessary or beneficial.  

You are planning on buying cash flowing properties correct? 

Also---you need to make sure whoever did the rehab did it correctly (no point in paying a premium price is the work isn't done correctly)...lastly if you pay for a turnkey property...how do you know the tenant is paying a market rent and is a good tenant (credit score wise, payment history wise) etc?

If I understand correctly you'd be purchasing the land, and improving it and splitting it into the appropriate "buildable lots". 

Asking in the correct forum will get a better response.Need a spreadsheet or form?

That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.

It’s 100% refundable if you find a problem so you’re waving a huge red flag when you fight and die on this hill.