b'them you need to be able to cut off the property manager from your bank accountnot the other way around.Dont leave excess funds in an account your property manager can access. Leave them just enough to pay the property expenses. Any excess cash needs to be swept out of the property management account into your syndicate or funds bank account. If the property needs additional funds later, you can always transfer money back. Disbursing Cash on AcquisitionOnce you have all of the bank accounts set up, you need to understand how you will use them. Below is a summary of how cash flows in the syndicates or funds we create:Investorfundsarecollectedinthesyndicateorfunds(forthis discussion, well call this the Investor LLC) operating account. DO NOT collect them in the asset managers bank account or any individuals bank account. Do not allow your co-GPs to collect funds in their own accountsunless they are investing via their own fund of funds (see Chapter 15).When its time to close on the property, the asset manager wires only the funds needed for closing from the Investor limited liability companys operating account to the property escrow account.If you have completed your target raise, there should be excess cash remaining in the Investor limited liability companys operating account. This cash will be used to pay the asset manager for its acquisition fees and to reimburse the asset manager (or its members individually) for any pre-closing expenses they may have contributed. Additional cash remaining in 276'