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

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

Much lower operating costs;3.

If you want to make it easier, look for one where it's all direct replacement meaning the water and gas and appliances are staying in the same place - less permits and less cost.

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.

I've found that members in my area operate like a support team more so than competitors.

Most residential real estate developers have a certain operating expense margin they are budgeting for in order to make sure they are hitting their return requirements.

So now we’ve had to call appliance repair guy.

Also, many lenders are picky about the operating agreement and structure of the LLCs.

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.