ouch....sure can understand why you didn't engage with them. 

I believe you mis-understand the process.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

I understand the pros and cons of both so no real immediate preference.

Ensure you understand local regulations regarding permits; it’s usually a good idea for your associates to form an LLC for liability protection, but individuals can do renovations as long as they pull the necessary permits.

and as a lender in possession the paper was rock solid .. never had one default.. 18 months in the house is half paid.

Anyone with the capabilities to do basic research knows and understands this. 

They are prompt, proactive and understand property management from an investment perspective.  

Build a solid track record with these properties before proposing larger moves.Leverage your commercial experience to identify growth opportunities, and start building out your team.

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.