I’m torn between going the wholesaling route or sticking with long-term rentals. 

It doesn't take long to learn how to spot a good deal.6.

Hi David Oh-You asked about a profit sharing bonus for property managers to give them an ownership mindset and incentivize them to align with your goals for quality property management.I love this idea.While I do not have a formal profit sharing plan, I always like to recognize the property management company with gift cards to the operators and the people within the property management company I have regular contact with that help keep the property running well and keeping costs down.Related to this, a handwritten thank you card to the same people periodically goes a long way.I also like to do the same for the tenants that have been paying rent on time.To your success!

I do know some people suggest having multi checking accounts for long rental properties.

You bought long-term rentals, so be a long-term investor. 

I wish you all success and a long fulfilling journey.

Long-Term Holds: Not every distressed property is suitable for a quick flip.

TurnKey, Buy-and-holds, flips, or maybe long-term rentals?

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.