For example if you wanted to gift $100k to your child to purchase a business, it may be best to make your child manager, with say a 20% interest, while you and or your spouse maintain a 80% interest.  100% of any net income can still be received by your child as manger, or even for just his 20% interest, as profit allocation  need not align with ownership percentage in an LLC.

@Sebastian Tamburro you're going to get advice/offers from numerous people trying to profit off you - be careful!

That's not a "net profit" of $550/month because you haven't accounted for vacancy, maintenance, capex, or other expenses.

This helps assess profitability.7.

Have a conversation with your property management company well in advance of any transition to ensure you are fully aware of all terms and conditions.

Profits are much better and less of a hassle than dealing with short term/ airbnb. 

What do you feel your greatest need is as you transition from single-family to multifamily?

Which profits can than be utilized to carry forward into the then "good" MFH acquisition timing of things. 

I think the business has pretty thin profit margins and they tend to take on too many units, which results in the quality going down.

Some traditional buy and hold RE investors have transitioned to flipping.