You can get significant savings for legal and compliance costs in addition to providing one PPM and one K-1 to your investors regardless of how many deals they invest in. 

If you can work with them on it, write in your agreement/contract about the equity you get in the property with rights to sell your portion whenever you want.

Let me share a recent experience from the fall of 2023 that proves this point.We had an off-market single-family property under contract in Massachusetts.

I'm hesitant to proceed without legal advice.

They seem to not know their schedule more than a few weeks before their contract begins. 

Sign contracts requiring vendors to list you as additional insured with correctly worded indemnification language.

We were able to get a SFR and a duplex under contract last month and we will be closing on both properties in a couple of weeks, all thanks to Chris!  

@John Arena you may want to review your property management contract in detail to understand what services you hire them to perform.We find that many STR PMCs are NOT really PMCs, but are Guest service companies. 

You are simply making them uphold their end of the contract.

I just put one under contract from a wholesaler I know, I am sure he is making enough on it to be worth his while and it's still a good deal for me.