I do typically recommend individual bank accounts for each cell but I see some variance on this and you can sometimes forego individual bank accounts in favor of just a single bank account in the series LLC as long as you have strong bookkeeping that meticulously separates income, expenses, etc. of each cell (e.g. by using a classing or similar bookkeeping system).It is important to note, however, that TN has a franchise tax that requires careful structuring to avoid by ensuring that the entity structure qualifies for the FONCE (Family-Owned Non-Corporate Entities) exemption.

@Jordan Outen also have agent run comps on the property so you can see what it can possibly sale for fully renovated to ensure you will profit and the seller will as well.

At the same time, we know that our LPs will want us to have a system of preferred returns, promotes, etc. to ensure that we uphold their best interests and perform, and we'd like to charge a small amount for managing the entire deal.

Some landlords use delivery services to ensure filters are changed on schedule.Also, ask for pictures and specific readings if they’re diagnosing microbial growth.

We maintain properties at a high standard and ensure reliable, on-time payments.”That one sentence changes the conversation.

Such depth ensures more stable partnerships and better aligned investment outcomes.If you'd like to discuss further, we're happy to help.

How did you handle representation and ensure fair negotiation?

However if the borrower will live in the property, you MUST underwrite the borrower to ensure they have the ability to repay.

You'll have to ensure that the contribution is protected through a recorded instrument or lien against the property.   

This ensures Airbnb’s 15.5% cut comes off the gross price while leaving your payout intact. 💡 Alternatively, if you want the guest’s total price to remain the same as before (rather than keeping your payout identical), the adjustment would be ~14.1%.Example:Old nightly rate = $100New nightly rate = $114.79Airbnb takes 15.5% = $17.79Host payout = $97 (same as before).This ensures the margin stays the same, even though Airbnb’s distribution cost has increased.