@Thomas YoungmanThank you for such a detailed response.

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

No maintenance unless it's absolutely necessary and I make sure to charge the tenant if they are in any way responsible. 

If you want responses from M1 referenceable members, I would tItle the question, Who is already a member of M1, or M1 members, please share any reviews.

Are you currently working on lining up funding or looking at potential properties yet? 

For longer stays, you can set expectations in your listing by clarifying that guests are responsible for restocking once the provided items are used up.

(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.

Thank you all for your comments.I read all comments and I appreciate the feedback.I will comment on a few of the posts in my response below.Here are a few things I'd like to mention...Patrick was a valued member of our Multi-unit Acquisition Program (MAP).As a member, we determine one's purchasing power and diligently search for deals that meet their criteria and purchasing power.In real estate, there are a lot of moving pieces.

You can also check their reviews online at Google, Facebook, or Yelp.

Seen that play a few times.. this whole sub to being taught to under capitalized or starter investors who don't know what they don't know and learn this on line is just so very dangerous.