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.

@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

Much lower operating costs;3.

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

I would love to meet some new members, young or no, whose goals might include a solid cash flow and providing good value to renters who are exploited or poorly treated by unresponsive landlords or large corporate operations.  

Although I am not sure how to enforce this one, there should be active, on-going communication from the the borrower to the lender .... as one would expect from a GP/Operator to the LPs in a private equity syndication. 

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.  

It also makes it harder for other operators down the road--- not your main concern but we all impact each other.What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out.

So in that same vein does bifurcating assets from operations help?

There are "turn key section 8" operators in Alabama that market to do all of the due diligence for you and you never even have to see the properties!