They only need to close within a time frame that includes the first one to sell (in other words they all sell within 180 days of the sale of the first property) as long as you can locate the right replacement and get the right terms.Another very attractive option would be to scale down a little and maybe look for a replacement property that you could get for $600K - like a 2.4 - $3 mil property that needs $400K of work to get it to high functioning. 

We will consider an LLC as we scale.

If it was a larger scale job I would have gone for something that had a time component to it.

As a company, I get the idea that they are customer service 1st, 2nd, 3rd and then Real Esate 4th.I wish they did some small multifamily, it would be easier to scale the portfolio 4 doors per deal and per loan than 1 at a time, but their point against that (and it is hard to refute) is that they 100% know their SFR business and model and they don't deviate from what they know.

I would say you need to pay on a % scale with a base pay. 

Obviously even if you scale up in doors its not getting you much fast.

Morton-Bourgon of Public Safety Canada conducted a large-scale meta-analysis (quantitative review) of recidivism rates among adult sex offenders.

For us to scale much bigger, one of us will have to quit our day job or we'll have to hire a management company.... we'll jump off that bridge when we come to it ;-)

This way you can start taking advantage of economies of scale.

Try one thing and stick to it until you get what you want, then scale.