I assumed that was a good thing and the 5% K&T wasn't a problem since everything was working correctly and safely.

I really want to make sure it is done correct and not half assed. 

It sent some messages with house rules  that didn’t sync correctly, pulling in info I had already updated on Airbnb.I only have one property and wanted a PMs that:-took direct bookings-synced calendars - completed simple auto messaging I like the idea of a PMS but I really don’t want to spend a lot as I’m also using Price Labs.

And it all thus incentivizes the correct future actions of others. 

Consult an attorney or CPA to structure this correctly and protect your LLCs.Hope this helps and be careful!

If you didn’t specifically advise on what to do, they drew it a specific way at the end of the day you approve the drawings to be built so it’s not their fault it appears and they should be compensated for the revisionIf it’s something they screwed up (does not appear to be case here) - then they correct their error

You still may have negative cashflow, but it may be smaller, so is addressed by rising rents sooner.As a professional in the Build-4-Rent space, let me make some corrections here. 

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

Awesome Colin, thats amazing and very encouraging, I am not remotely where  you are in regard to business but I took risk  a in 2013 and went on my own and you are correct, so many doubting, warned, and discouraged me. 

If this is the case I think I understand everyone correctly.