I know I'll  need an operating agreement and Private placement  memorandum.

If you have a property manager there is typically a one month fee for tenant placement.

Or even some other non real estate private placements.

I've listened to countless podcasts, read a fair amount and now I am ready to take more precise action.

I’m selling my turnkey rentals and paying the taxes to move into private placements for scalability.

Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. 

Couple of comments:Management Fees - You are paying/forecasting 13% in total management fees and many of us pay in the 8% range (with no placement fees). 

.#7 – PaperworkActive investments are paperwork-heavy, from the initial purchase of the property to tracking purchase and rental agreements, bookkeeping, and legal documents throughout the project.With passive real estate investments, on the other hand, you typically sign a single PPM (private placement memorandum) to invest in the property.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.