2 - How do I get an inside track to deals?

I'll only rent to someone (as usual) that I deem to be able to pay the rent.I am lucky that I don't have mortgages on any of my long term rentals so I have the ability to help out my tenants short term or even forgive some rent to get back on track.

I had no idea about tracking expenses or book keeping, so I simply did not.

@Max RievesIt doesn't sound like a single member LLC if you have other members who are investing capital.Regarding multi-member LLC's, you want to keep track of everyone's basis, which includes contribution, share of profits/losses and distribution.You may also have a requirement of issuing a K-1 to each investor.

Here’s the short version of their email:-We are open for business and are on track to fund over 500 loans in March.

Is there a way to track how much each unit consumes each month?

Unless you have a track record and understand what's involved in putting together a syndication, this probably isn't a good idea for you.There are significant up-front costs to set up a syndication.

I would also recommend establishing a "buddy system" to keep you both on track.

Do they have a good track record in this line of work?

@Natalie I utilize the app MileIQ to track mileage.