You are not trying to draft an agreement, simply communicating to your attorney what you have agreed on.Submit to your attorney, he/she will come up with further points that need discussion/decisionsDiscuss again, record your decisions and resubmit to attorneyRepeat until the attorney has drafted an operating agreement that you both agree on (you can see that extensive discussion between the partners will save you in attorney costs)Open a bank account (free or close to it) using the newly formed LLC certificate and operating agreementNow you have a functioning company. 

Don't forget about your Linkedin account.

Hi everyone,I analyzed the deal below and found out that if I had a property manager, accounted for other expenses, and put in an extra $20,000 for rehab costs, I will cashflow $270/month. 

Turnkeys are great if you don't have enough liquid cash to fund the property outright and still allow people to invest in cash flowing rentals and gain 1-4% appreciation annually in most of the midwest markets.

Originally posted by Account Closed:I dont know if i want to cry or laugh out loud.  

I just purchased my first BRRRR and I'm realizing that I need to expand my COA beyond what I have for property management. I'm working in Quickbooks. Can anyone help? Thanks!

Treat this as a normal expense account.  

Account Closed I agree the a/c must be working.

The trend has been strong and across many zip codes with gains from 4%-13%  zips 89119-89123-89118-89109-89102-89101 and 89030 have been very strong These run the gamut from southwest to northeast with of course heavier volume in the north east It is a broad deep rally with multiple offers on many listings  PM me if you want some of the reports  with your email Account Closed

I got 2 small perrsonal checks from him at closing on a couple small items which gave me a bank account to go to the sheriff's office along with my writ of execution and they seized the money from his account as I timed it for a couple days after he collected his rent on a llc and moved it into his personal account.