And yes, the entire argument around wholesaling everywhere is that most laws that are being pushed against it (In the states where they are) are because of practicing real estate sales without a license.I am an attorney, but I don't give legal advice on here and never said I was giving legal advice so not sure where you came up with that, but your attitude suggests you will be part of the 99 percent of bad wholesalers who are out of business quicker than an eye blink.You are asking a lot of questions, which is good, but you should be asking them of local wholesalers in your area, in person, so you can see what they do versus what everyone on the Internet tells you.

Is there some rating system for syndications similar to how Morningstar tracks and rates mutual funds and stocks?

Tiling your tub surrounds to the ceiling not only looks nicer, but also helps waterproof the area better, and will likely never need replaced (versus vinyl surround which last about 3 yrs before tenants start cracking them, in my experiences).

Tenant further acknowledges and agrees that they shall be liable for all damages to _______ system due to intentional or negligent acts by the tenant, it's invitees, guest,  agents or licensees" 

One thing I can say once I got the system going the business got alot easier, after I automated almost everything I have had the pleasure of rarely going to my airbnb and I am booked 92% of the time, not only did my research pay off I am reaching the numbers I expected and more.

The goal is legitimate: due to complex tax rules, you have opportunities to game the system by selling some of your investments and intentionally generating either gains or losses.

@Sushil Iyer I agree with @Travis Timmons that Temple and Belton are generally better pics with a more diverse economy versus Killeen.

STRs have unique tax considerations, so setting up the right systems early will save you headaches down the road!

Reach out using the message system if you have any direct questions or want additional advice.  

If you are seeking a company you need to make 110% sure they have the best systems in place and the way they are structured doesn't have any loopholes.