If you are a large enough operation where you have employees then it makes sense.

Quote from @Jonatas Melo: If zoning doesn't permit two units, then I wouldn't operate two units.

Those that have conservative debt, liquidity, and are strong operators - will capitalize. that is playing out in the MF syndication world big time right now.

@Tanya Maslach The operating agreement language will be drastically different for an LLC that owns/operates real estate compared to the operating agreement used for your media company.

Create Operating Agreement Open up Business bank accounts

I've just watched a fractional deal hit the skids for a $1 mil condo on Hilton Head Island after 20 years of fairly trouble-free operation. 25% owner wants to be liquid, but the partnership doesn't guarantee liquidity.

Bonus: I know MTR operators in your market I can connect you to as well.

We find, acquire, manage and find operators for high-cashflowing AirBnb-approved properties across the US.Do a lot of business in the South and Southeast.

I have invested in a few deals out of state🙌 What are you most looking to get out of BPCON 2024Networking - looking for people who invest out of state and how they operate.

Just make certain to build a relationship with a reputable turnkey operation who treats the city like it’s there own backyard, specializes in section 8 and has in-house management as well as day in and day out boots on the ground crews, etc.