It seems that often when companies acquire large books of business in one shot there are growing pains and unfortunately those are felt at the client level.

If you are using STR, REPS, or self rental with material participation to convert to active or nonpassive income, you do not have to do this if you have passive business invesment that produce passive income that will exceed the loss generated by depreciation.

What aspect of their business, the property managment software or investment management software.

They take good care of the properties, but there's not enough attention given to pricing strategy and they spend money like nobody's business (not a problem when they were spending their own money on the master lease model, but a BIG problem when they were suddenly spending OUR money as the PM).

Thats how it makes sense from a business perspective.

And personal downsizing is always good for business!

Without businesses it loses its revenue and becomes a trash heap.

This will set up your buy and hold business long term. 

That’s how the wealthy do it with real estate or businesses.

Everything seemed great until the HOA implemented a cap on rental properties due to complaints about absentee landlord's.