So, they could be correct or they could just be trolling for money, but you should have done final testing.

Is that correct?

You are correct, most properties list accordingly will have multiple offers in this market.

The key rules are as follows:1) Syndicator MUST have significant skin in the game, including 10% of the money raised in the first deal, 8% of the second, and 3% of the third2) The only fees allowed are 5% of revenue for property / asset management, which is enough to put food on the table, but not incentivize people to just buy, buy, buy3) The only compensation is 20% of the profit (less on the first 2 deals)4) Rapid acquisition is not allowed. 5% Is minus all operating cost correct ? 

Hopefully you have the correct insurance in place etc.Hope this helps

Not necessarily correct but a good starting point as an AI response.  

Yes, a rule of thumb COULD eliminate a good deal if not applied correctly.

Correct me if I am wrong, please!

Many insurers have left the state so it is important to be able to get the correct STR insurance.Start calling around and get some bids and ideas on cost and fit it into your budget before you start offering on properties.

@Logan Allec is 100% correct, as usual.What your accountant missed is a checkbox in his software.