Remember the LLC can be deemed worthless if you fail to operate your business in accordance with  with the operating agreement.

Chicago Attendees, As we prepare for Cancun next week, I was thinking that it would be fun to organize a little Moon Palace get-together for Chicago-area attendees once we are all down there. 

Please respond only about Grocapitus deals, not ones from Neal's previous operator or general comments about him or his underwriting methodology. 

We have done that a number of times, it is great once you have everything completed for the home to be licenced and you find a great operator.

The market I operate in is Denver CO.  

Are there any meet ups, or group of investors who currently have meetings or any organized events?

I just think it is vital to have some boots on the ground in the city where the investment property is, especially for smaller operators. 

In my experience it helps keep pre-applicants organized and is an actual sight with a google-able name so it doesn't seem as scammy.The background check and credit fee is $30 paid by the prospective tenant but I always tell people applying for my units ahead of time what my credit and background requirements are and that if they pass those qualifications (plus the reference checks) and sign + pay the deposit that I will reimburse them the application fee.

There are some larger operators in TN maybe you could reach out to

We'll have an expert on hand who operates nationwide and specializes in new STR setup & decorating.