If you're an experienced real estate investor living in or around Springfield, IL, I'm looking for someone to provide advice and constructive criticism of my ideas, plans, research, and goals with.

I’m planning a big move from California to the Lee's Summit area in Missouri with my family.

As others have stated, a well-drafted LLC operating agreement should have language that would prevent management from withholding material facts and/or removal provisions for a manager who doesn't comply.

For what you are planning, both of those diagrams have a huge amount of entity structure that will need to be maintained.

Quote from @Dan Flannery: Well done!

The local store may have a limited selection but you can find more sizes and options on their website.The tenant may very well trash them, but they are inexpensive and can easily be replaced with the deposit.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

I am debating selling one but it is Owen county @James WilcoxI can inquire with my tax team but wanted to hear from the experts here with any advice as well.

My first guest checks in November 1st, and I'm planning to travel to the property next month and start preparations.

I find this level of underwriting lacking with many flippers as well, failing to properly consider the holding costs, insurance costs, taxes, etc.