You have complied a pretty good list of what not to do...I would add the following:1) Do not even pay 25%.

And i have seen other do it like i said in San Antonio only to have that operator get in major trouble with the state and the investors get wiped out.. there is more than just YOU buying a home without an investor putting up the dollars to buy it.

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.

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! 

I know we operate in totally different economies, "doors" here run about $100k, and far higher for small properties. 

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

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024
Failure to file is a $500/day/entity fine!
Beneficial Ownership Information (BOI) Reporting:| FinCEN.gov Do this right NOW!

Just want a software that does a great job handling the overall operations smoothly, a one-stop-shop for all PM needs. 

Similarly, using services like insurance back office support can streamline operations.