LLC in the state of operating?

So, WHY screw with a successful system that your able to operate without undue stress? 

I operate from Pensacola to Destin to PCB.

My operations manager just notified me that we did in fact fund 3 out of the 4 condominium deals you brought us.

I just mean to say that I don't think there is anything wrong with their business plan, their operational expertise, and so on, so unless something melts the economy down, it seems as though Brian integrity of the operators is the only remaining variable. 

@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family. 

Meaning you can spend the time traveling to the market(As we did for 18 Months once per quarter) or you can seek a reputable operator in the market you want to invest in and leverage their team. 

Are you doing the work yourself or what is your plan on tackling the operations? 

Operating in an industry where "we track time," I can offer a few hopefully helpful tips:1.

More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.