I also wouldn't be involved in day-to-day operations onsite.

In fact, a common colleague of Chris and mine worked with them for a few years but departed once he learned of the issues outlined above.   

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

I think for at least one of mine (it's been a long time) it was just a letter that my commander had to sign, basically saying I was in the military, behaving myself, and the Air Force wasn't trying to actively kick me out.

Reason I ask is there are companies out there who will tell you that you can get business credit but in order to do so you need to be an operating company not an investment companySo just asking so you potentially could avoid spending good money and time chasing a ghost

Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information. 

It will not be sexy, but it can change your life (I've house hacked twice and it's certainly changed mine).

Converting debt to equity if allowed by the operating agreement is not indicative of a Ponzi Scheme.  

If you've transacted in hundreds of transactions over the last two years and have 15 employees how are you funding the current operation? 

It is Fire TV but I find it pretty easy to operate.$60.78 Hoobro storage chest - https://www.amazon.com/dp/B086JFXB5F?