And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

I doubt if you'll have any issue with your hold period since it is all about your intent anyway.

Also, if it's Lennar, be prepared for problems, insulation issues and therefore paper thin walls. 

Since Landlords are going to be monitored even more now with the price gouging issues surrounding the fires in LA, I would be extra cautious.

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

I took the next 5 months to tackle everything myself spending approximately 17k in supplies and tools + paying a plumber and roofer 4k total to fix those issues.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

What issues would there be if I put MY NC house in the LLC that has his name and my name on it?

Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.

We don't have any issue getting it booked up for the season.