I'm a property manager, and I also buy/sell property.

Do you use a property management company? 

I would highly recommend getting your license for property management, and/or realtor.  

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes. 3) On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

This involves creating a Wyoming (WY) blocker LLC, which will act as the member-manager of the Michigan LLC.

Our firm focuses on property management and helping owners maximize the return on investment after the purchase which is crucial for the long-term performance of the deal.

As you were in property management, not sure if you ran your own company, but as you look at it..

I would focus on systemizing property management as much as possible so adding more units becomes easier over time.If your goal is to buy one property a year, then stick to your pace.

Maybe you help manage the property for them for a small %, or give sweat equity for small cosmetic renovations?

I'll give you some numbers for the MTRs we manage in Los Angeles.1-2 bedroom MTRs stays are 1-3 months3+ bedroom MTRs stays are 3-6 months, but often start less than 3 months and extend their stayMTR marketing falls in 2 buckets.