If an operator is not responding to you adequately - in timing or quality - prior to you wiring them $50,000, you have to ask yourself how will they respond after they already have your money? 

Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

We call RE operators "investors" fancier title, sounds better, implies more wealth, it's guru originated, the IRS will call you an operator and that carries just as much clout with me as "investor".

I'm honestly shocked that they're still fulling operating.

Also hoping to get someone to review the operating agreements to make sure our ducks are in a row.

NYC is a very tough place to use a real estate license because it doesn't operate like other markets.

Only two electrically operated items may be plugged in to any electrical receptacle.

All of our properties are held in LLC's where the operating agreements allow non-members to inherit a financial interest in the company but non-members are not allowed voting or decision making rights unless they are unanimously admitted as a member.

That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.