I think the other commentators have it right - a HML that is willing to take an investment that is small is probably not vettable and not a smart play - however if you have ~$500k or more to put in, then the legitimate more easily vettable firms would pottentially be interested - and you would be able to see the sophisticated setup, documents, structure etc and be able to research accordingly

For a beginner, do you think this sort of setup is like building a huge fortress against an army of ants, Or is this something the client might like to have some choice about as a beginner.

I took too long deciding on the contractor and getting them setup.2.

QBO isn't setup for rental properties or multiple rentals and when you have multiple LLC you need a subscription per LLC.

I have not set up internet or any other utilities, as there have been no tenants living in the property since I closed in late February. 

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.4) I'd recommend a PM software for this.

Their systems were not setup to scale.3.

It’s a setup for failure but she still gets her $30k and 50/50 of first 3 deals (if anyone actually closes any).

We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

They have it setup so if there is any "transfer" of the property deed that they are able to claim the loan balance due.