- If your deduction is greater than income you have loss, and loss can offset your other income depending on how you conduct Airbnb.

Conduct your own research and the utility companies can provide estimates for their typical customer...but they won't give specifics for this property without a written/signed consent2.

Could you give an example of how a typical conversation to get a property under contract would be conducted? 

The other members would more less be silent cash Partners.Responsibilities of Main Members (The Two Of Us)- Run the LLC- Choose which properties to invest in- Apply For Loans- Inspect Properties- Conduct Rehab - Divvy out Payments to all other memebers- Etc.Responsibilities of Silent Cash Partners- Almost none reallyEquity Financing Outline:Approach Potential Silent Cash Members of the LLC and ask for them to become members of the LLC.Requirements for S.C. members:- Minimum $1000 Cash buy in Per Member into the LLCBenefits of being S.C.

Be clear about the time frame in which the work needs to be completed, the scope of the project, access to the work site, and the conduct of the contractors while they are on the premises.Keep your communications about your product (the home you have offered to rent) and the rental agreement, with the tenant.

The Broker gave me full autonomy to conduct my business as I saw fit, and I did everything just like you were talking about, except all deposits and bills went through Gallery of Homes...  

Second, if/when the tenant moves out, when you conduct your final walk through inspection technically you can state the property was damaged and not left in original state prior to being rented.Personally, I would be putting this expense on the tenant. 

Have you conducted a recent inspection of the property??

Can 2 wholesalers conduct an agreed upon deal (by both wholesalers) without risk of losing their MyHouseDeals membership?

Like @Kyle Hipp, I have grown to appreciate the audit trail of SMS over telephone conversations, but still prefer e-mail to distribute information and face-to-face meetings to conduct negotiations.