We can still choose how much to pay someone to operate it if necessary.

The new facility, dubbed "Arsenal 1," will encompass 5 million square feet and is expected to start manufacturing operations by July 2026.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Savings: Hold the deposit here so it's separate from operating funds.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.  

Each should be able to operate on its own.

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

Currently I own a large real estate company and still get some great value out being in his inner circle of real estate operators.