At $400K for $2K/mo revenue I'd be very surprised if it had a positive cashlow within the first 5 years, if you take into account all the operating costs.

This is not a passive venture if you're seeking to be an Owner/Operator. 

What does your operating agreement say? 

I budget 23% of revenue for maintenance and operations. 

If you acquire an underperforming one, increase revenue and fix the fundamental issues, I’m sure that you can then show a bank your operating statement and get a small business loan but I think with a small business loan, the money provided is strictly for use within that business.

However, when it comes down to the operating agreement and ownership interest in the entity (which was solely created for the deal), how much is safe to allocate to each member category without giving away too much control to limited partners?

I suspect there could also be a specific consulting aspect for direct assistance on the contract phase, due diligence, negotiation and operations aspects as well. 

They are now being used for enhanced photography, virtual tours, and even property management.Big DataAs the world becomes a planet of digital natives, more and more data is becoming available to the public.

One furnace & one water heater operate all three units. 

matt theriault and his wife also run a pretty decent little operation, but my I ask why you are on the turnkey pathway and not large multifamily?