If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.

Income Statement shows a company's income and expenditures over a period of time.Balance Sheet is like the Head/Brain of the company and Income Statement is like the Body. 

When an owner or broker policy is facially fair and uniformly applied, it usually meets the smell test.

Come on, it doesn't pass the smell test.One can invest in big-name syndicators' deals for $25,000 or $50,000 now.

What I've heard through them is as follows: The student body has changed drastically over the last 10-15 years.

For gas, obviously smell for it.

If you are just a warm body with 80k and no applicable skillset, I wouldn't bother.

Running numbers on a spreadsheet and in a BP calculator every day for ten properties when you have never seen one in real life or smelled mold or been to a hoarder's house or seen a structural issue is just procrastinating.

Then I wait for their responses and see their body language. 

Thought I smelled fish, and not just cause I'm from the PNW.