The city has some real specific rules about operating them and they’re not really investor friendly.

I doubt your llc will qualify for the 20% deduction...there a lot of requirements and other professionals such as lawyers, doctors and accountants specifically do not qualify for it, regardless of entity structure.BTW, since your llc wouldn’t be a licensed brokerage, yes you’d be violating licensing laws and I suspect are putting your license at risk, if that matters to you.

The deposits should remain since they are part of the property lease and not assigned to anyone specific. 

Typically, we have a guest speaker that focuses on a specific area of REI.

A business plan is a worthwhile effort, because it helps you understand what you don't have figured out yet and other team members you will need.Happy to answer any specific questions, just PM me.Rich

In more specific terms, you need to figure out what the optimal DTR is and meet or exceed that if you want to be in a good position for loan.

I did not disclose the tree issue to the buyer since it wasn't specifically called out on Form 17 (WA) and the assessment was questionable.

@Brian Burke  I think one main difference is the syndicator can send out a blast email to all investors at once on a specific property. turn key or PM has 1000 different properties for 700 different people and 600 different messages much much tougher..But generally speaking syndication is a higher level organization for sure.. 

Just food for thought.

I can connect you with a couple of wholesalers as well, but those deals aren't very laser focused on any specific buying profile... so it could take a very  long time to find the needle in the haystack with wholesalers.