I provide short term rental furnishing and renovation finish list that includes paint colors, light fixtures, cabinets etc.

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

@Alex SchumerBookkeeper – Handles day-to-day financial tracking, including expense categorization, reconciliations, and generating reports like P&Ls.

So, there is even more risk.The things that you can do, include being properly capitalized, not be greedy, (in whichever way that may be defined in the county you are buying), know solicitation laws, know Dodd-Frank, the Consumer Protection Act, the S.A.F.E.

Your friend should include as many details as possible concerning how they were pitched the investment in the prom note.

We are in 11 markets, including Huntsville and would be happy to set up a call to talk over some options. 

Once the 1031 is complete the LLC dissolves and again the property is distributed to the former members, including the properties just purchased in the 1031 exchange (which each member probably picked out for themselves).This method solved the feared "held for investment" issue. 

Many people have had a great experience with home warranties, myself included.

Multiple people including myself have tried to caution him of the the true costs but he's been repeatedly dismissive and has made it clear we give him motivation and he wants to prove us all wrong (whatever that means). 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.