Everytime you spend money for each property, you can designate for which property it is so you can record it in your accounting software.The PM company also receives the rents.This simplies the banking and accounting but at the same time, each property is in its own LLC for asset protection purposes.

Wanted to pass thru you guys to get your opinion on this.Details of Offering : 3% Acquisition fee (one time)1% Asset Management (Annual) Returns Split for Preferred return and disposition = 80%/20% (Investor/Sponsor)5 year hold periodIRR: 15%Average Annual return = 10% per annumAverage CoC return = 2.36is the acquistion fee and sale return split  usual in the syndication world ? 

Kiyosaki's Rich Dad Poor Dad that made me want to pursue investing in real estate (build assets, not liabilities!).

To hire a VA, use upwork.comThere are software services that you can use to help automate the mailing process for this.

I just think you do not account for the asset depreciation or the market forces.  

Hi Everyone,I am looking to start purchasing real estate with my 5 siblings, and I'm trying to figure out the best way to organize our entities to ensure we have both asset protection through LLCs, as well as tax advantages.  

And congratulations on venturing out and starting your own management company.Typically, this will range based on several factors - a couple of which will be: 1) your vendor relationships and, 2) your property management software.

@Leo Rodriguez Like Oleg stated above, if you are going for the agency debt then at least having some management experience in the asset class you are buying is huge. 

Do you have enough emergency reserve to stay put without having to fire sale your asset and risking an even worst?

They need to protect the asset and keep their money coming in.