Quote from @Joe Budkiewicz: Quote from @Corby Goade: I own and operate a property management company- we don't mark up invoices and provide anything our clients want to see. 

You're planning to operate this as a STR/MTR.

It’s guaranteed that you will need to replace roofs, HVACs, appliances and many other components.

Find GP’s who are pretty transparent with things like monthly financials, monthly summaries of operations, etc.

For example, one house the seller - a guy who inherited the house - stole all the appliances before closing, and when we showed up to do the final walk through they were gone.

That's really cool and I suspect my dad mentioned our operation out in KC to him.

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

We operate primarily in the Southwestern US and New England area.

Like aircraft checklists and vehicle operators manuals (the -10s), one can benefit from extensive research, trial and error, and deliberate improvement principles gained by the many that have gone the path before. 

We've also launched a gourmet mushroom grow operation and plant nursery.