I called my insurance company to check on their policy and my insurance company said if the pit bull was a service animal that served a documented purpose for a physical condition I had to allow it and they would look past their banned breed list.

Running numbers on a spreadsheet and in a BP calculator every day for ten properties when you have never seen one in real life or smelled mold or been to a hoarder's house or seen a structural issue is just procrastinating.

thank  you Laura -I do feel good about the compensation as they have been our only boots on the ground as we just can’t use “ friends” anymore ..I also found out that the $500 monthly fee is lifted once the place is rented and she goes to a much lower rate / hourly when things arise .I just thought it was a unique price structure and have never heard of things executed as such before .Thanks again for your reply-Christian

Usually EMD is submitted with a title company that way you are not physically handling cash @Luis Herna

If it's not, then the property may be completely obsolete as an 8 bedroom structure. 

A deal that produced a 25% net IRR to investors with a 1% acquisition fee, 1% asset management fee, simply pref + single tier waterfall, etc, may only produce a 15% net IRR under the current fee and carry structure, if their acq fee went to 3%, pref went down, they now have a GP catchup and multi-tier waterfall giving them higher splits for higher returns, etc.

If structured well, this strategy will position you for rapid expansion.

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.

Some brokerages may have it structured slightly differently, but generally, this is standard. 

What are our options and what should we expect if we structure our llc prior to looking into lending options?