@Parikshith GariLast time we checked I believe it was $10-$15k/yr and if you wanted more territory pricing was higher.Crexi is an alternative for 1/10th the price but of course not as much info

But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.

Midwest is a broad territory to be considered a "hot spot". 

They have a big presence in the SE.

Do they have any google reviews or a presence online?

We are not an internet program (we barely have a presence on the internet). 

If you start pooling money from people who are not full partners (i.e. have decision making power), you will start to cross into the territory of securities, in which you will be subject to SEC rules.

As my business partner and I scale, we are talking about purchasing an office building in the city, so that if one of us ever leaves our full-time jobs we'll be able to take over the property management and have an official office presence in the city to satisfy the requirement.

I did check up on DLP ( goggle search)  because this peaked my interest .. they have large Internet presence.. they are a brick and mortar RE brokerage with about 30 agents then they also have a Hard money company.. and it looks like they just decided to add this JV product to their menu...

The presence of the dehumidiers is something, but -- and I'm no lawyer here -- I'd bet that's not enough to hang your hat on in a lawsuit.