I do not wish to punish the fellow, but I want to get adequate rent for my capital.

I have been thinking an initial reserve of say $5,000 would be adequate, but I'm not sure.

Have you kept proper and adequate minutes for the annual Meeting of the Managers?

., they require a good income, adequate reserves, and very good credit (even flawless credit behavior over just a few years isn't enough for a great score).

Check smoke detector batteries, provide a CO detector, put a fire extinguisher in each unit, carry adequate insurance, install hand rails, have a solid lease, get a big balloon policy and do the right thing.

We partnered up in 2017 and have struggled to maintain adequate accounting now that we have several properties.  

Also, if a landlord has an adequate security deposit from the tenant, the landlord may not need to pursue the tenant after the fact, as long as the landlord has the right to withhold from the security deposit.

I was wondering if anyone had been through this process before and if this seems to be adequate.

I don't understand what the issue is because the LLC has adequate insurance and has limited liability so if anything happens, that shouldn't impact me personally.  

I could see getting an extra state or two license if you lived near a border, but how am I going to provide adequate support and market knowledge to a client looking to buy or sell in, say, NYC?