Because you keep asking for help but then decide to disregard the ONE piece of advise that EVERYONE is giving ...STOP TALKING TO YOUR JV PARTNER!!!!!!!!!!

Also is single member LLC considered disregarded entity, hence losing the liability protection?

Second, you have completely disregarded the value of mortgage principal pay-down in your "how long till they earned more than they paid".

They didn't take any responsibility for themselves, hell they didn't even get a hotel they instantly made their problems your problems with complete disregard for the law, your property, and social responsibility.This level of irresponsibility is appalling.

Steer clear of the one who disregards your idea and tells you what to do.

I am not sure of tax rates in GA so that needs to be disregarded but insurance, repairs and maintenance, and property management will still be fees that will need to be considered.

@Guy Gimenez You indicated that you do not disclosure your status in your mail marketing,  Do you put any disclaimer such as "Please disregard if the property is currently listed with another agent" ? 

Do whatever you want man...you already disregarded the first rule of investing/landlording

Account Closed  I'm not a CPA (so consult yours), but if you have a single-member LLC, the LLC will be considered disregarded anyways and everything will fall on your personal Schedule C (for the business), or Schedule E (for the real estate). 

A simple disregard of the post would have been better than inserting themselves and adding the rest of their comments.