if you don't have any or they are incorrect/incomplete, you will be an llc in name only.

@Mohammad Akif this is incorrect on several levels.

Be sure to verify the exact standards by MN law and follow them, my understanding is that if you do it incorrectly the penalties to the LL are severe.  

Your accumulated depreciation was probably entered incorrectly.

Current heating is a single furnace and is a total loss since exhaust and distribution was done incorrectly. 

I'm glad to hear that the good guys just don't get sued that often.However, there is one incorrect statement in here:  "...you actually have to do something wrong to be sued and lose." 

And you do not need to be a rookie to get screwed over by incorrect estimating. 

All-in costs are Purchase price, Rehab costs, Closing and Holding costs.You incorrectly show a Hard Money loan for $100,000.  

My point is that it is an incorrect business principal to call an "acquisition expense", like a mortgage on an investment property, an "operating expense". 

Nick Belsky and Johnathan Orr,I have sent you both what I believe is a PM or perhaps it was an invite to connect -- forgive me, if I have done this incorrectly, as I am still learning the BP interface.