Consider beginning with a Regus office to manage initial costs, and as your business expands, explore other office space options.

My initial thinking is to 1031 exchange props 1 & 2 into STRs (or MTRs) since our focus would be cash flow (at this particular time).

A pretty slick website but from my initial view on returns in Multifamily low 4% seems on the low end.

@Aaron Lawson I agree with @Juan Vargas in that we use ballpark percentages for the initial screening. 

It's passive and the initial cost can be flexible depending on your budget.

My strategy in the past had typically involved minimal equity investment in properties to maintain a positive or net zero cash flow (as long as I wasn't losing money each month), thereby allowing me to claim substantial depreciation losses with little initial cash outlay.

We would have a contract that says we split profit 50/50 but if there is a loss then he would take the loss and pay me my initial money back.

Hey Gene, I read some of the replies throughout the thread too so I think I have some context.You initially said that you just want RE exposure but it seems you also want to have something that's operating at cash flow break even or better.

Most lawyers, however, will do a double closing and the title company can be the same for the initial transaction, or different if the end buyer would prefer (though using the same one will save money).

Update: Our home has been rented for $2,200, which is above what I initially stated.