@Nick AmYou also may want to consider other matters besides taxes, such as state law requirements for management companies and serving as a property manager, especially with a tiered structure.

Most property managers don't charge any markup.

I guess I don't know how lucky we are to have found our property management after hearing all the comments. 

Property management is "a", as in singular, fee for all standard property management. 

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

Professional property managers stay updated on legal requirements through memberships in state or national organizations.

Property management....it just make business sense as a leverage point for efficiency of your time. 

I do a lot of boots on the ground stuff for different clients of mine who might need stuff like leasing, walkthroughs, contractor recommendations, but want to be more hands on with the managing of the property.  

The company I currently use for my other investment homes said they don't offer management for any co living... unless everyone in the home is on one lease.

Howdy,I haven't decided if we are gonna manage the property or hire a local area property manager yet.