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.

@Ferrode Joseph cashflow vs appreciation is really a function of the Property Class you target.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We are looking to buy one of the largest purchases they have ever made "possibly".

As you drive north and around the Eugene airport (with exceptional accessibility and cheap flights to most west coast cities) there are several of the largest homebuilders such as Lennar developing communities as I type..I read an article last week that had Eugene in the top 5 cities that millennials were purchasing homes.

My OpinionThe settlement will probably be the largest change to the entire industry in our lifetime and there will be some ramifications.

The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?

@Russell Bundy, highly recommend you use the search function, as there could be posts from all over with people talking about BAM.There is also an entire subforum of Syndication reviews.  

I am the VP of the largest non-profit REIA in the USA currently. 

I have a large rehab going on (my largest ever per sf) and only allocated 6 weeks for the effort.  

Purchase price: $825,000 Cash invested: $450,000 Sale price: $2,000,000 Our largest flip to date.