Unfortunately, either way it involves a) trusting a third party, like a syndicator; b) landlording; or c) dealing with a property manager. 

With that size property, you'll have staff to run it so you're not involved in the day by day.

Wanted to get involved in RE last year, but wasn't able to find anything that worked out, so I purchased a SFH so that I could at least stop paying rent. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The reason I ask is we are pitching this model to friends that may want to invest and get involved and I want to build an accurate performa.That being said, do you all have insight on what the original startup cost is for furnishings, small appliances such as coffee machines and first round of consumables (ie coffee, cleaning supplies, toilet paper etc)?

I understand that this gentleman had personal reasons for not wanting any form of law to get involved, but that still does not convince me I could get him out of the house when I want him to.Has anyone ever dealt with an issue like this?

A lot of us own equity together in certain wholesale projects due to us actually being able to afford them with ease with multiple people involved in it. 

An LLC cannot represent itself in court, but to my knowledge there is no requirement that an attorney prepare a deed involving an entity simply because it is an entity. 

Now I get to meet and help people while staying involved in the real estate community.

Show you are an authority in your market.Here is the most important thing.Most people read these posts andsay .. well crappers, that is a bit involved dude.. yeah yeah...