Where we fit into the "turnkey" model is that our marketplace specifically focuses on newly built properties or renovated homes in good markets with property management in place so you are not having to try to self manage from a distance or build a team on your own.

Quote from @Havital Miltz: Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helpsA joint venture is available to any 2 people co-owning real estate for investment purpose as tenant in common  under Proc. 2002-22 (unrelated to marriage) but it can't be owned in an LLC together. 

Keep in mind this is a self-directed account and most are not.  

I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up developments.

I’m curious—does the fee get waived if you choose to self-manage?

I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios. 

Something is missing...if there isn't a Board and the HOA (or I assume more likely a COA) is newly formed then why isn't the developer still in control of the HOA?

For every $100 million in public subsidies, approximately 1,157 co-living spaces could be created, compared to 313 studio apartments.The Bloomington City Council is reviewing potential ordinance language to facilitate co-living spaces, considering factors like parking, minimum square footage, and the definition of "family" in housing contexts.As real estate investors, it's essential to stay informed about such developments, as they can present new opportunities and models for investment.

Also, there is a lot of new competing rental supply coming online in these areas and a few of my developer friends mentioned to me they are seeing downward pressure on new build rents.

Duplexes are a little easier than 3-4 units with FHA since they don't have to meet self-sufficiency requirements.