His top recomendation is, aside from ensuring you properly form your LLC, keep separate checking accounts, have an operating agreement, etc. is to make sure you have enough insurance to absorb the entirity of a claim if one occurs.

If you want to own MF  go work for a MF developer.. that's where you will incubate.. or go work for a commercial broker you will probably start out leasing commercial space but you get to hang with the real players .. 

The first is the most important, though, to ensure you have legal right to the proeprty Nov 1st at the latest.

I haven't posted in a while because I wanted to ensure we went through the Due Diligence in one piece; I am happy to say that things are going very well.

Just like employees you can't treat them like crap or anything but you've got to ensure they follow the rules or they don't make you any money & aren't of any benefit to your business.

The "Turnkey" industry has significant bad players within their ranks. 

I've heard JWB is one of the major players there, but some of the recent reviews on BP are a little concerning.

We do group showings because there is a high no-show rate with tenant prospects, but we do prescreen on the phone to do our best to ensure those looking at the house will meet our rental criteria and timing of availability.

Would it have to be escrowed to ensure that it's used strictly for repairs?

If you want a butterfly museum as an acquisition fee they will add it, maybe...As @Ashton Levarek, these can be customized and highly detailed. 40-60 pages of a PPM are not uncommon, hence why it takes 3-4 weeks to deliver it. ...And of course then you must reread it yourself to ensure you are not missing anything...The second go around will be easier as you have your own template in place from the first unless the structure changes dramatically.My recommendation is either invest passively on a deal to gain access to the documents and see firsthand how they work and the process unfolds.