Don't ever think that the relationship will protect you.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

And I copied that idea for the core of my portfolio (although I also invest in alot of passive deals as well, in the satellite portion for a core-satellite approach).

In my view they made the correct decision and if you spent significant time recovering this cost, well I think we all know what that is. 

From what I understand, that essentially negates the protection you get from having an LLC.

Your LLC set up in KS is for legal protection only.

I’m a member of both, as well as an agent and investor, and they’ve been great resources.Hope to meet you at an event soon and always happy to talk shop about the Milwaukee market or multi-family investing.

Too many new syndicators think they can get away with skipping legal requirements—but the SEC isn’t playing around.If you’re raising capital, DO IT RIGHT:✅ Use a PPM & Subscription Agreement to protect yourself and your investors✅ Avoid general solicitation (unless using a verified 506(c) offering)✅ Understand accredited vs. non-accredited investor rules✅ File your Form D and comply with state laws🚨 Failing to follow these regulations could mean SEC fines, investor lawsuits, or worse.

Hey @Max BellinoI'm from Worcester  area as well and have a solid cost segragation guy. i see this is a month old but shoot me a DM if you're still looking

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.