To avoid these, create an operating agreement outlining roles, responsibilities, financial contributions, and handling disagreements.

I moved out of it and now operate it as a rental (one unit LTR, the other MTR).

You can create a separate virtual account for each unit that will link to your main operating account.

From my experience, many investors prefer to stay hands-off and avoid the day-to-day operations—managing contractors, solving unexpected issues, or finding a replacement electrician.

This is the onboarding process.The next issue we came across was "How involved do we want to be with the day-to-day operations?" 

Another reality is that decentralized doesn't mean free to operate.

Your chances of success will be much higher in the best locations because the high demand of people wanting to live there combined with high appreciation potential will make up for the inefficiencies and risks of operating remotely.

Happy Holidays BP Family - I'm currently working on a seller financed industrial deal, asset on the smaller end (~10ksf). It is in leasable condition but has below market in-place leases. Given that the industrial mar...

Personally, I am a big fan of the "alternative" storage systems such as water pumps, sand etc. because the battery method is honestly not all that efficient on a cost to operate measure. 

The operator in the market I chose ( Memphis) A Cpa I knew from BP  and one of the most respected syndicators on BP who could help with raising funds.