I've had that post-inspection conversation before but not nearly as bad as what you are dealing with, it seems.I would just have a candid, calm conversation with the provider explaining that your expectations were not met based on the inspection.

Really helped to calm me down.

This triggers a conversation where I explain my intentions are not to cause harm to anyone or take advantage of anyone in this business and that I am making this my career (then they calm down and relax). 2) As an agent working on creative deals, how do you navigate your relationship with your Employing Broker?

I remained calm, and after I made it clear that there is no way that 5 homes on the lake (number of vacation rental properties) could be responsible for all of the deteriorating roads.

My initial list search was very general and yieleded 1k+ people. I then added specifc equity parameters and that narrowed the list down to around 200+ people. That is a SIGNIFICANT decrease. I know that it's a numbers...

If you go through your presentation smoothly and act with confidence, taking command of the situation, you will will see that you are knowledgable, calm, in control, having the aswers and they will then have confidendce in you.

I was able to get him on the phone and calm him down... for now!

Highly recommend you have a qualified attorney in your state draft the operating agreement.A multi-member LLC taxed as a partnership might be the way to go.Partnership agreements are pretty flexible and "waterfall schedules" can dictate how profit/loss and distributions are allocated during the life cycle of the LLC. 

@Curtis RouseHi Curtis, would you be willing to share your waterfall?

What are the criteria to look for and what questions to ask the attorney to see if they are good and up to speed.With CPA also, what questions to ask to see if this is a good CPA and is up to speed with the current law.What is the typical fee from attorney standpoint for a deal this size, to do closing, psa, waterfall agreement with 2-3 other limited partners.Any other thoughts, input, would be really helpful.