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If major maintenance is needed, like AC unit, can I pick the vendor or am I obligated to use your vendor?

Many suppliers, vendors and loan companies don't like to do business with LLC's because the LLC attempts to make officers not liable for any debt.

Then, you pay to the vendor out of pocket.  

. $300K for a 6-unit could be pretty full pricing.You first need to have an honest discussion with yourself on what the current business is worth (income - expenses - allowance for deferred CAPEx) ... not what is the potential for the business.Once you have that firm, then you can work with the Vendor to solve his problem.A vendor carry may well work in this instance (though we have found them to be a huge educational effort in the area).  

I’m 35 and employed with low personal debtMy only direct experience in real estate is buying my home and finding office space for the business I work forThe plan (please critique) ; I would like to build residual income in the amount of $60,000 yearly (after expenses) within 5-7 yearsMain strategy will be buy and hold rental propertyI would like to use an LLC to house these investments (Quitclaim deeds) What has been done so far (please suggest); Personal Finance Management (Emergency fund, freeing up lines of credit)Researched Corporate Credit and building history (vendor credit/other strategies)Researched starting an LLC (plans to complete before the end of the month)Currently practicing deal evaluation to hit cash on cash ROI (so that I’ll know a good deal when I see one)I would like to invest in rental property that generate 6-13% cash on cash return (depending on the deal).

Some people call an arrangement a joint venture, but the arrangement is really more like a prime-subprime contractor arrangement where one party (the prime) recognizes all the revenue and any funds split with the other party (the subprime) is treated like a deductible vendor payment. 

I will be encapsulating my cinderblock foundation with poly and spray foam using professional vendor.

I'm 3 vendor accounts in with the goal ultimately to have an amount of credit available to make deals happen more frequently.

He didn't go into the SeaBee's though.Looking forward to checking out the vendors, especially cameras and security systems.