Instead, focus on improving your marketing and responsiveness.

Hi Ernesto,Thank you for the response. 

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

For example,  providing a heating source for your tenant is your responsibility as the landlord. 

Buying with an LLC is a great way to safeguard yourself and your property, highly recommended, however, if you’re purchasing through an LLC that was not formed specifically for the purposes of acquiring your investment property, ensure you own more than 50% as LLCs can get complicated with multiple equal shareholders.

Quote from @Dominic Mazzarella:@Dominic Mazzarella: thanks so much for your response.

I second this, if asking for the identification is for the sole purpose of verifying one’s identity then it’s not a violation of the fair housing act, however, if it were to verify someone’s citizenship or something that is not required in order to meet the housing requirements then it could be determined as housing discrimination .Quote from @Steve K.: Quote from @David Spurlock: Hey @Fareen E.

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Centralize your back office / use remote employees / VA where appropriate to cut costs and improve service levels / responsiveness.  5.

Some others have had communication problems, but I've always been able to get a same-day response.