ZERO financial analysis background (also biggest cause for concern because if a syndicator is taking shortcuts here... you know where this is going)No property management experienceNo investment management experienceOn average, the only "experience" is flipping / wholesaling houses...

As to renting, the current financial model from a re-fi some years ago provides a negative cash flow.

I've read many articles and heard many gurus about achieving financial freedom by doing businesses in real estate. 

At some point, you will need to give them a copy of the LLC articles and your financial statement etc.

I realize now that what I have been doing in my life financially is all wrong and NOW more than ever I NEED to build a investment portfolio for our future. 

I'm using real estate as an ends to financial independence, and that freedom as the means to an end in community and social entrepreneurship.

Wouldn’t trade a tough couple of financial years for a steady 9-5 paycheck though!

Up to you if you want to hang your hat on the de jure letter of the law or the de facto realities of the situation as it stands now.

@Daulton H.Get QBs -easier for accountants to do your taxes, better if you get audited, better if bank wants financials, etc.

We track all of our financials in Quickbooks Online.