@Michael PlaksRe:  Definitions of expensive - All fair points.  :-)Re: Schedule E -  This is actually how we have it setup. 

I came across what appears to be a fairly good property, but I am not sure about the repair costs as the Wholesaler said he does not live in town and thus cannot do a site walk without an offer.  

And it is actually fair, because you're only using $100k out of the $300k for business.What would be the proper way to document this transaction in addition to the schedule recording the contribution in the LLC book?

Pros - My PM is fair and honest, makes reasonable decisions, is a decent handyman, builds valuable relationships, is easy to contact, is very cost effective, strong and handsome.Cons - My PM tends to read the news and drink coffee too long in the mornings, takes too long for lunch, randomly stops working in the afternoon, will spend 8 hours working on something that takes a professional two hours, drives a crappy Ford Ranger and buys work clothes at Goodwill and is neither strong nor handsome.

These things affect what a fair market lease rate should be and what your potential up side is after purchase of the easement.4.

Any advice for making this happen in a fair and timely manner?

But I don’t think it’s fair that by law I need to put her credit at risk on my investments, or that I need to put her in the tittle if the house.

But I don’t think it’s fair that by law I need to put her credit at risk on my investments, or that I need to put her in the tittle if the house.

What would you consider a fair price to setup an LLC properly? 

My quick opinion is that it is a great niche, but just like every other niche it is a fair amount of work and risk.