Short-term rentals are becoming oversaturated in certain markets plus anti-STR legislation is resulting in some of those properties also converting to long-term rentals.You already have the operations experience by self-managing.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

@Andy S. what capacity are you operating in?

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?

You will be going up against larger operators with bigger budgets and more experience. 

The properties have not only suffered from the interest rate issues but have been operating at a sub standard level.

Greystar Real Estate Partners, one of the defendants, released a public statement claiming they operate with “utmost integrity” and will vigorously fight the allegations.

No one is going to come to your door stalking you, but feel free to pay a few grand a year to "hide" your identity that will be able to be found in 15 minutes or in a request from the tenant if they request ownership of the LLC or the operating agreement to understand who they are signing a lease with.

By being physically present, you can gain valuable insights into the property's operations, interact with residents, and assess the team's performance.

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.