We did it in a similar fashion in my fund that defers things so I can get them at lower rates down road but it's risky as I don't get it unless investors get paid 

Assuming you don't have one as you're asking this question, you could market it through your social media, paid ads, or turn up to local real estate events and spread the word the old fashioned way

Good old fashioned win-win.

Not even the richest people in the world, who can afford laughably large lawsuits, walk around without liability protection in some fashion. 

I got the feeling that the PM forgot to send it out for a quote in a timely fashion, and given wide spread on cost of work, the person doing the quote seems new.

I'm fearful we don't have enough contractor support to get the rehab done in a timely fashion. 

To mitigate the negatives, smooth the swings, and effect our future in an organized managed fashion? 

We spoke for twenty minutes about the old fashioned keys, which to his point..apparently still do the job. lol There are a few strong examples of properties under new ownership that have amplified performance.

If you go through with a multi-member LLC in this fashion bear in mind a few things.1.

The equity split protects your downside, but if you hit a home run, it's not as beneficial to you.I'm a BRRRR guy myself so I'm just speaking from what I've seen our bookkeeping clients do since we serve a ton of house flippers and all of them raise money in some fashion.