.✅ Indirect Expenses (Office Overhead, Admin, & Labor): Harder to allocate, but common methods include:2) Common Billing Methods🔹 % of Gross Rents – Many PMs charge 3-5% for admin overhead.🔹 Per-Unit Fee – Flat $10-$20 per unit/month for shared costs.🔹 Time Tracking – Track staff hours and bill properties proportionally.🔹 Software Tools – AppFolio, Buildium, Rent Manager allow bulk allocations.3) Best Practices✔ Use a Spreadsheet or Software – Track expenses by property before invoicing owners.✔ Be Transparent – Define billable vs. included costs in your PM agreement.✔ Avoid Surprises – Owners expect clarity on additional charges.

Out of state offers lower price points and more landlord friendly areas in general (i.e. 

My goal is similar to the BRRRR method, and I want to hold on to rentals and create cashflow.

its just another method of flipping a contract..   

I think what @Garrett Brown is getting at is using this in addition to other methods.

They say that they focus on the BRRR method, they handle the rehab (usually 90 days) and manage the properties.

Once the 1031 is complete the LLC dissolves and again the property is distributed to the former members, including the properties just purchased in the 1031 exchange (which each member probably picked out for themselves).This method solved the feared "held for investment" issue. 

What methods would you suggest to screen potential tenants? 

I think KCMO is considered a landlord-friendly location.A professional property manager can significantly improve an investor's life by streamlining operations, maximizing profitability, and reducing stress.

. 🎢 Market trends, investing methods, and economic situations are like a rollercoaster—they constantly change and twist.