I love how Airbnb just pay me based on the evidence without going through 6 months legal battle or 3 years of collection hunting. 

An LLC is useful for two things: anonymity and legal protection.

If a claim is filed and the property is owned through an LLC the individual members are less likely to be named in the complaint and that above all else keeps the members name out of the docket.

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.

One of the most common complaints I see on reviews is how the area, location, or house did not look like they thought it would or was promised.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The big knock is cost of living and home affordability but I never hear complaints about that from ppl coming from NY or California 😂

what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???

Do not rely on it for legal advice.

Obviously this may vary by market but we would not accept partial payments as it does make things more challenging legally if you need to evict them.