2116 S Van Buren St, Amarillo, TX 79109 | realtor.com® I live in a historic neighborhood in Dallas in which there was a wedding venue operating.

Following this discovery, he promptly contacted his attorney to dissolve the LLC.Additional Questionable Entities:Dogwood Capital InvestmentsM&M Capital Finance LLCKey Takeaways:Conduct Thorough Research: Always verify a company's registration with state and local authorities.Scrutinize Documentation: Examine identification and corporate documents closely for inconsistencies.Verify Contact Information: Ensure that all provided phone numbers and addresses are legitimate and connected to the entity.Be Cautious with Payment: Avoid wiring funds without extensive verification of the recipient's identity and legitimacy.While the majority of direct and private lenders operate ethically, even a single fraudulent interaction can damage your reputation and finances.

Britt, I've had coin operated washers and dryers in my rental complex for 8 years and they are very easy to cheat the mechanism with a common household item.

I'm hoping to tap into the wisdom of fellow STR Management operators here.

They are a husband and wife team operating under an LLC, so I assume it was easier to go after me (property owner).

Have a plan for marketing, operating expenses, and scaling without overleveraging.

The way we set it up was (1) account is for General Operations.

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

You end up having to sell to someone with higher down payments, better credit, better operating plan, and 100% investors who never want to pay top prices.  

Create a separate "operating" LLC to handle management activities, including collecting rent and signing leases.