I was flabbergasted to hear that even some of the largest and most experienced developers are doing that and other shenanigans.

For myself I put a small group of investors together in 09 and optioned 120 acres that does border the UGB already has major roads and infrastructure fronting it and is 1 mile from Ronlar acres Intels largest Campus in the US. 

I believe there is one in Portland, which functions as a "hotel", with 3 or 4 tiny houses on a commercial lot. 

We have a 2 bedroom house with a loft that can function as a third bedroom.  

You use this as a lead source and have admitted BiggerPockets is in fact your largest lead source for new investor money on podcasts. 

It is much more important to get to know what a PM's experience is, how many years they have been managing properties, are they also an investor, what types of owners they work with, how many total units they manage, what their largest property is, what class of properties do they manage, how do they handle tenant communication, maintenance requests, expenses, do manage commercial or residential, and what type of software they use.Just some advise from a seasoned investor and property manager, The First Question That You Shouldn't Ask is, How much do you charge?

California is the largest state in the union, with lots of different areas, diverse populations, etc. etc.

The power of leverage is the largest part of wealth building in real estate.

We are one of the largest STR management companies in the area, and we would be happy to help you get started If you are interested. 

You could theoretically create an LLC to provide property management functions on behalf of the 10 property portfolio and have a management contract between each property LLC and the management company where you will use management fees to cover the salary of the property managment staff member.