They’re a large PM company, operating in about half of the U.S. states, but lately, the local turnover has become a real problem.

Further, if planned well, you can have lots of operating expense deduction.

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.

I operate above board so their threats aren't concerning to me.

I would suggest staying along the train lines and also looking for rental friendly areas.

I have watched some Youtubes and most operators say 3-4 bedrooms and 2 baths are ideal.

Create Operating Agreement Open up Business bank accounts

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.

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.