After operating 1 rental for 2 years and another for just a few months, I just got notification from the code enforcement at my municipality (whom I had visited in person) that I didn't file a paper correctly and fines are possible.

I'd make sure to review your operating agreement to ensure compliance with the legal statutes of your specific LLC and partner buyouts.Happy to help you work through any of these situations.

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

It's rare to a get a nonrecourse DSCR mortgage without approx 50% down and a ton of credible operating history.

Ask questions about how they operate, and include your specific questions about deposits, in-house maintenance, etc.I think you'll discover that you got lucky and found a professional company the first try.

I own/operate over 150 units in Pittsburgh and you can find every sort of real estate investment play here.

Many actually operate their real estate businesses more recklessly because of this false sense of security.

How did you make an Operating Agreement or did you decide to call on an attorney?

Would love any input here.Thank you.Hi Anita I specialize in STR sales and operations out on the OR Coast..oddly when clients don’t find what they’re seeking or are priced out in the coast several have purchased STR’s in upstate NY.

If your looking for the least amount of risk and biggest bang for your buck I would look for a company that is a reputable turnkey provider thats actually in Detroit and offers things such as an efficient boots on the ground team, all sorts of established local relationships, solid in-house management, an operation that is highly skilled and well versed in section 8, a company that has proven relationships with both out of state and local lenders.