His company operates, manages and owns STR's in the area and the advice we received was on par with actual knowledge for our project.

If I started an LLC and used NAICS code 531390, the IRS would keep a closer eye on my company and I have a higher likelihood of being audited VS. me not having an LLC...

However, it's essential to note that this can vary based on the specific services offered and the individual property management company's fee structure.Property Management Cost CalculatorTo gain a better understanding of the potential costs involved, consider using a property management cost calculator.

Very common. you aren't the first person to split a lot with a mortgage. just talk to the mortgage company and title company let them get involved to start. 

But I know plenty of people like that company, I would rather cast a larger net across many websites. 

Home to The Ohio State University with nearly 60,000 students, 5 Fortune 500 companies, over +25% population change since 2000, and the 2016 smart city challenge award winner (https://www.columbus.gov/smartcity/).

I was a bit skeptical myself but think they're legit, the company recently did an event with Miami's mayor in relation to building more affordable housing in the area.

I believe there will be high appreciation here, due to many large companies pumping money into our area, such as Intel, Google, and Amazon.

@Michael Willis, Hey Mike,  I just did a quick scan of some old posts and as of a year ago the company was issuing K-1s which indicates that there is an entity that owns the land/project and the investors have an interest in the entity. 

Title companies will open an escrow account for you and manage all of the paperwork.