He needs to know what his exact capex expenses will look like and perhaps negotiate some other fiscal matters that can be realized prior to closing.

Also, one of the most often overlooked components of a syndication is the reporting.

I would suggest having a project manager on each flip, having contractors report back to you knowing that you are out of state is very challenging.

I have talked to a few Hedge fund managers who like the concept of the Sub to, makes their product more investment worthy to not have a bunch of non preforming loans to report.

They will pull a personal background report, will check IDs and question your current living situation.

You can also request recent inspection reports and detailed photos.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.

But as word got out about this a local reporter reached out to Top Golf who responded they didn't want to build there, so that empty threat really backfired on them....

I would also spell out what progress reports/pictures and/or videos should entail.