If you want to buy in a better area then you might be spending more on a down payment and have less to buy furnishing for an STR.

You will still have to spend significant dollars getting it entitled and should have proceeds for that.

It comes down mostly to your Management Agreement, although I doubt they would expose themselves from this clause.Max Spending: What is their limit to spend without your permission? 

Make sure to get a pretty tight tech stack figured out, especially to track your income and spending. 

So, my point is that you need to see what your goals are and how much time you want to spend.

Everyone talks about how it lowers your ROI but that's not a bad trade for thousands in cashflow per month for such little time to spend

I personally blame the alarmist asset protection firms, some of which are big on ad spending on social media to get in front of new investors who don't know any better (no fault of their own). 

(We need solid property values)Doing them individually gives you the flexibility of refinancing one or selling one at a time without major delays or penalties.Just keep the properties in your name for now and close the loan in entities name, no point in spending the time and money prior.I hope this provided some clarification for you :)

My thought was that it would be best if she does the primary STR work and log her hours and ensure that she spends more time on the STR than I do (at least officially logged hours... since I will most likely always be thinking about the STR... haha). 

The sad truth is most who spend unnecessarily on asset protection have no understanding of what they paid for or understand how the entity structure will actually benefit them which is even more mind boggling.