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

So you still need to sign.Have you provided them a copy of the operating agreement of the LLC, certificate of good standing etc.

The most important part of a syndication is the person and company that is operating the syndication. 

@Tanya MaslachYou do not necessarily need to have an Ohio based entity to purchase and operate rentals in Ohio, HOWEVER, many lenders are beginning to require that either an entity based in the same state or a foreign entity is registered in that state in order to obtain a loan approval. 

Are there any insurance companies that people would recommend for this investment strategy that do operate in the Austin, TX area?

Non-profits and/or sober living operators may also be interested, depending on their needs.

Yes this is a Refi on a commercial property with additional large cash out included for sole purpose of reinvesting into another property, as well as a large operating line of credit in addition to the Refi is included.

We are going to be operating separately from the school.

In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).

Hi everyone, We are looking into a deal to purchase a 5 unit apartment building that currently operates as a short term rental.