Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

Flipping is actually more a business than it is investing and you know how much goes into that.

CA really cleaned up the fractional note business from my days of doing it in the 80s..

I also own a water restoration and general maintenance business in the area and the amount of STR owners that we have spoken with is insane.  

Our goal is to have a short term rental business and build it over the next several years.

I checked the Better Business Bureau for complaints, I checked the NJ State Attorney General consumer division to ensure he was licensed, I checked every reference he gave by visiting sites and speaking with the homeowners. 

https://www.biggerpockets.com/business/finder/agents

Try and join a few local Facebook pages and connect with locals who are in the house hacking business. 

However the owners retired and her team left when she sold the businesses.

Make it part of your business model and focus on scaling vs managing.