Guests love this upsell for the experience provided, they are more likely to share on social media, you can use the decorations as marketing, build relationships with local vendors, and provide extra income for your team. 

Lastly, they like building relationships.

Terminating a PM relationship is commonplace.

The relationship is straightforward and you don't need to know much else legally.

Also helping was a relationship with that bank (deposit accounts) and good credit. 

Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

Also, don’t sleep on building relationships with local realtors who specialize in investments.

It's a completely parasitic relationship. 

LLC will not save you taxes.This post does not create a CPA-Client relationship.

Additionally in terms of a GP/ LP relationship, would preference of LPs create the same dynamic in choosing one GP/Sponsor investment over another, if all technicals and numbers are the similar between two investment?