Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights. 

And I don't mean that in a demeaning way. 

After 30+ years of property management, I'd say get used to it sucks. 

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. 

Madison Management out of reno is who we use who ironically used to be in Morristown NJ

We also would like to self-manage if possible.

The buyers are FHA-qualified, and I mentioned the option of switching to conventional, but they prefer not to.

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.

My proposal is to do the following:1) Create an LLC in which my partner and I are both owners/operators2) Have the title of the property put into the name of the LLC via quitclaim deed3) Have the Operating Agreement of the LLC outline ownership based on shares ownership model.

I am trying to get my RE License and I am currently enrolled in AYPO Real estate course.