Get an attorney with business litigation experience to set up the operating agreement and entity creation.Do not skimp on doing this.A solid agreement helps down the road if problems arise.

Others may disagree, but I say don't skimp on design if you want maximum value.

Second, since they are trying to sell, they are probably skimping on spending money--repairs are one place people tend to shortcut, payroll is another.  

I see a lot of people try skimping on landscaping.  

They are certainly going to skimp on materials, the right tools and do a horrible job. 

I would highly recommend not skimping on the efforts to eradicate them, as half measures just do not work. 

If you live close and can manage short term rentals yourself you'll have a better shot, but bad reviews on AirBNB, etc... will have an outsize impact on your tenant quality, quantity, and resulting $ so don't skimp. 

I am looking at a piece of land large enough to put 4 tri level town homes on it.The price seems high, especially for someone who is skimping on an agent (offered me 2k to "just put it in the MLS for him").Land is roughly 7,700 sq ft. and it is a corner lot.So on a rough analysis I would be looking at:$115 per sq ft for building costs13,400 total sq ft of buildings (to include garages)$1,541,000.000 construction costs$720,000 land sales priceTotal = $2,261,000Sales price per sq ft $200Livable sq ft  $12,800Gross profit = $2,560,000Minus Expenses = $299,000Now, I haven't dabbled into building from the ground up but I would love to hear what I am missing in my calculations.

Don't skimp on the CRM you want because you think it's too expensive.My CRM is for internal use only (not for sale... yet), but I built it to maximize the outreach I can make with SMS prospecting. 

Talk to an attorney and don't skimp on this.