Good luck with that one—I doubt any syndicators would find a sympathetic jury in such a case.Scott, you and I have debated the concept of “skin in the game” for years.

It definitely escalates the situation though, so I'd research the process and carefully consider the option before embarking on it...but if you pursue that route you can likely escrow Dec 1 rent and I'm sure that will get some attention. 

Any year I do this in the future there is a 2 year look back for health care cost.

My wife and I both have full time jobs, take care of our 2 boys and I have spent almost every day off for the last 8 mo working on this house.

You might find mentors or partners who can help you navigate your first deals.Analyze Deals Thoroughly: Make sure to run the numbers carefully on potential investments.

And I generally require a sponsor that has full real estate cycle experience with little to no money lost, low leverage, high skin in the game and reasonable fees and promotes.However, other investors will look at these deals as bad/too boring for them because they are more aggressive and not concerned about the risks of default, refinance, interest rates changing etc.

I was told they take care of everything when setting up LLC.

Read the listing agreement carefully - you will be required to sign it in every state.7.

I had a long reply, but my computer did something.There are good and bad PM and at the end of the day no one will care about the home as much as you do.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.