A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I've read hundreds of these and usually call the agent for an explanation to ensure we're protected.

If you decide on investing out of your area to take advantage of the higher rates of returns and you find the right team to protect your interests.

The money people put down is equity, and it has protections in it for both the borrower and the lender but people really want to get in at no cost recently with FICO that could use some help.

It all just seems very manual and time consuming to do all those things for one single property only to realize that it's not a good opportunity.My question to this community: "What tools are you using to automate this process?"

Take that into account.I firmly believe no investor should invest until there's zero consumer debt, mortgage I prefer paid off too but I get why it's not the highest priority.

Probably because someone on BP or YouTube suggested it without any evidence to back their claim.An LLC is useful for two things: anonymity and legal protection.

We believe it it very valuable for protection, legacy planning, education planning, long-term care perhaps, and as a supplement to our investment portfolio.  

You also have higher expenses with STR and MTR, you have all the utilities, furnishings, and consumables to account for as well.Combining strategies with house hacking makes it easier to get to cash flow.

If you deed a property from your personal name to an LLC - especially a disregarded entity - it doesn't really do anything for taxes or asset protection.