I benefit from step up inheritance laws, so almost no capital gains tax if I sell, I do like the idea of liquidating and putting it into a larger property or multifamily, I do worry about the amount of time hands on, which I need to be s minimal as possible.Thanks!

I can help a lot I do this in Columbus Ohio and Miami Florida but as a service for now not purchasing them. if you are going to do larger deals look for the largest gap in entitlements, density, and asset value as a land driver. for example we found a piece of land in Columbus Ohio that was 55k and we just got an appraisal for 1 million based on the rezoning application that we did for mixed use commercial.

My first rationale is the smaller homes will attract the type of tenet I’d prefer compared to the larger home I currently own which would be larger families.

Hello Ryan, these are some of the kinds of tasks I am thinking about for Boots on the Ground.Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencingMove-in and move-out inspectionsPlacing signage on propertiesPhotos and videosScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive by

Larger deals tend to trade in retail at higher cap rates.What you need to decide is how long you want your money tied up into a deal (their exit strategy), and how much you want to place, and if you get cash flow right away, partial, or none until certain metrics are hit.As an example you might get 8% preferred return but upside might be more marginal than a small retail turn around deal where exit is in 2 to 3 years and equity multiple is likely much higher for overall return.

On the flip side, having more choice in location with an existing product could be advantageous to both his personal life and the earnings potential; add in the second unit having the potential of being a STR/MTR and location becomes even more important.The contract/permit side CAN be challenging location by location; assuming he's working with someone who knows what they're doing, Raleigh makes it easier to get permits for these larger "small scale" projects than Durham.

Now I'm looking to move into larger passive income streams using MHP. thanks, 

If yours is the only STR within 20 miles and there aren't any cities or larger towns within a 20-30 minute drive, you could easily run into trouble even finding a reliable cleaning person, let alone a full-service STR management company.I would also definitely take the time to find some comps on Airbnb in the same area as yours, with as close to the same bed/bath count as yours, and with the same finishes and amenities as you are planning to put in yours.  

They have all run businesses there and complained that they could no longer compete with the larger companies due to the cost of regulation. 

Feel free to inquire about their staff qualifications if it's a larger organization.2.