The venture-specific LLC will offer more liability protections, and you will have the opportunity to craft an Operating Agreement that puts a "clock" on the details of your deal.

It is a pain in the ***, but keep meticulous records for your CPA to offset first year costs and self-employment tax.Good luck Nick!!!

We realize this is a very important part to our team and would like to reach out to you guys in hopes that you can refer someone who excels in this craft.

It didn't enjoy putting the documentation together, but quite honestly, I had more peace of mind knowing these firms were being meticulous about this.

Some counties are very meticulous with keeping track of property data and some are not.

Sounds like you have a lot going on and continuing to perfect your craft. 

The next PM can be just as bad as this one if not worse so be meticulous during your screening on the next one.

PPM(506c) and due diligence documents are also crafted by credible firms. 

Having not known everything I had learned in the previous year from Bigger Pockets and getting to know my market by searching so meticulously, I highly doubt I would've had the confidence to pull the trigger so quickly. 

To the point if she does file in small claims court I keep meticulous documentation of every tenant interaction as well as all forms so I feel that my case will be made with clear facts.