It's a game changer once you have a few employees and operate that many so everyone stays on the same page.

And always  remember to operate with integrity  Thanks Tim!

I’d search out an established local operator and pay them to operate it.

Without an operating document, it's unlikely they could sue you unless it's in the city rules that all homes are responsible.

Some don't require you to have a property management company because they operate like a hotel.

What strategies or systems have helped you grow from your first project to a scalable operation while managing risks, timelines, and financing?

I ran my own proforma and used an 8% vacancy rate and a 35% operating expense margin, which are the %s that most banks my clients work with use to underwrite their DSCR loans.

So, 400k - 500k sounds like lots of money but if you wanna operate in the 300k+ entry point it get can swallowed up quick.One strategy I'd try is to be a buyer at the auctions, win a bid on a good house, close on it in cash (you should be a great deal under market value) and then get into a delayed purchase bridge loan product which will cash you out a certain percentage of the purchase and supply the rehab funds. 

@Agatha OliveiraSharing an operating agreement does not pierce your LLc and every contract you enter into the company should ask for a copy of the operating agreement to confirm the person signing has that authority

I also own a short-term rental management company that partners with other real estate investors and second home owners to 2-5x their returns while also taking the headaches out of operating STR’s.