Those are not the most important parts of the operating agreement.

On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this

Any input on the appliances noted above would be appreciated.

But my question is that if we consider other operating costs like maintenance, capital expenditure, vacancy, etc then this property won't cash flow, so is this a good deal?

Although he is a banker, he thinks having the ability to operate as a broker and place loans with 30+ other lenders, in addition to his bank, is the "best setup."

It's an A-framed garage with shingles roof, gutters, windows, and a 32" exterior door (in addition to a 16' operating face door). 

Same thing with Clayton Morris and any other well known operator really. 

And some expensive ones for larger operations.

If you operate under an LLC or other business structure, are there tax implications or requirements I should be aware of when paying myself?

You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).