Cute shops and a few slow paced casinos. 

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

That applies to any turnkey operators as well. 

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

. $40k a year for not doing much is a great investment on $40k unless you are putting in a ton of work into the property.Who operates the property?

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

(nexudus.com)Target Audience: Co-living primarily attracts students, young professionals, freelancers, and individuals relocating forork, offering them fordable and community-centric housing solutions.Key Players and InvestmentsLeading Companies: Prominent co-living operators in the U.S. include Common Living, Bungalow, and Outsite Co., each contributing to the industry's growth through innovave housing solutions.Invement Trends: The sector has garnered substantial attention from investors, with projections suggesting the asset class could grow up to £50 billion by 2020.

If you dont have time to do it yourself, you can usually rent the equipment and hire an operator hourly for less than what a full service company will charge you.

Cash for keys, screening, and lease enforcement seem crucial, no doubt.I’m curious, though—I've been in rooms with pretty successful multifamily operators, and many of them actually frown upon eviction because of the cost, lost rent, turnover expenses, and time.

Okay so is there a need for an LLC which has some terms in the operating agreement?