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. 

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

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

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

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

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

The next question is whether the property has the zoning to legally operate as a 2 or 3 unit building. 

Do you recommend an operating business account in which I collect rent from and pay expenses if either STR or LTR entity and if master expense (ie.

As mentioned in the podcast, you can carry forward the paper loss, which could offset future rental income or other income once the property is fully operational as a rental.To maximize your benefit, doing the cost segregation study now while bonus depreciation is still at 100% would allow you to accelerate depreciation and take advantage of the full deduction in the year the property is placed in service as a rental.

I have zero stress having the systems in place with the proper people in place to manage my day to day operations.