Although you could technically form a property management LLC and create an agreement between yourself and the LLC.

Self-certification alone (by checking a box) without any other knowledge of a person’s financial circumstances or sophistication is not sufficient to form a “substantive” relationship.This relationship must be established prior to showing the potential investor an opportunity.  

New to business and looking to form a network here in Buffalo if there isn't one already.  

I haven't exactly forged an empire that will create generational wealth. ... but I evaluated a deal, made a pro forma, and decided this was a minor risk I could afford to take, but it feels so much bigger than that. 

Right away I found the pro-formas questionable at best and the business more reliant on marketing than anything else.I also thought the whole turnkey pitch was way too short term focused.  

Here is what I do when I form a new LLC and need an operating agreement:Draft some bullet points that are points of agreement, and points that need further discussion between the two partners.  

(any help on properly classifying this will be appreciated) And then you have to form a new LLC to become the trustee of the other 3 real estate trusts that you want the original LLC to be replaced.

Tenants that are one flat tire away from missing rent will not result in quality cash flow, and yet ironically these type of tenants are the kind that tend to rent in the type of neighborhoods that show the highest pro forma cash flow projections on paper ... too bad those cash flows aren't what you will actually get during a downturn, and you spend much of your time chasing down rent as opposed to growing your portfolio ... too bad that the increases in rents and prices will not tend to keep up with inflation in many of these neighborhoods too ...

@Ray Lai How do you exactly form a partnership?

I was just wondering if it is a wise move to put multiple properties under a company assuming there are tax breaks and benefits.