But keep in mind, if you signed an agreement agreeing to hold them harmless and waive liability, then that may be a problem to collect. 

That way you're 100% hand-off, only collect checks. 

The nice thing about this place is when someone gives out that bad advice, they are typically called out by those people with more experience and better answers.I'll take the collective any day over the advice of one individual.Though, even better would be having a great mentor combined with the BiggerPockets collective knowledge . . . that's pretty powerful!

Eventually you will receive funds less the 1/3 collection fee from the Attorney forwarded to you."

I've tried 6 different rental collection platforms and this one is by far the best. 

Was hoping to collect some wisdom from the BP community if I can explain myself clearly.

The LLC hires a Nevada management company to collect rents and provide maintenance.

Their interest rates will be higher and they collect origination fees so the purchase price of the property is key and determining your ARV. 

To kick things off, here’s my story: I once opened a wall expecting to find the usual mess of old wiring, but instead, I found… a collection of vintage Pez dispensers!

Each to your % ownership.. then one of you can do collections and pay the other ..