I’d recommend starting with local value-add deals to get a feel for the challenges of managing rehab projects.

It's a difficult challenge to catch & try to enforce:(

Theres wholesalers everywhere, margins are tight though and that's a challenging area.

Challenges?

Challenges?

This structure offers liability protection, scalability, and tax benefits but involves administrative complexity, potential California franchise tax if managed there, and refinancing challenges due to personal guarantees.

@Don Konipol, I guess my only real challenge to your thoughts are the definition of investments.  

Challenges?

Challenges?

Hostaway seems interesting as potentially something with the power of Ownerrez but without the challenging interface and complexity.