Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

@Steven Catudalthe 'no cash flow on a BRRRR' is typically just because you are boosting the ARV and then taking out the maximum amount you can on the refinance, often using a DSCR loan with a higher rate. 

@Alejandro Martinez I'm a fellow Canadian from just down the QEW from you (Hamilton) and moved to Orlando just over 5 years ago to invest in real estate full-time. 

@Jordan JonesTIP: read the BP requirements about posting ads, so the Moderators don't suspend or permanently ban you:)

To maximize my cashflow and gain landlording experience, I’d do STR and MTR in the other units, as well as the other bedrooms in my unit.

I have been working with many people who are just trying to get started with real estate investing.

So my opinion for short term rentals is, if you don't have the time to manage yourself, then just buy it if you want to visit there a lot.Another option might be to find a successful operating partner.

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

I don't mean to be pessimistic, just realistic.