Reread what @Stuart Udis wrote.We can testify to the same challenges after 25 years in our marketplace.We also agree with @Kristian Sexton about starting with a PMC.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

If you asked me to run a ton of properties, I would still be happy to do it, I may just charge a service fee at some point.

If the property can service the debt at 90% leverage between a senior 1st and the seller second, you're looking at a good investment!

After year 1 we added more originators, more processors, an appraisal review analyst, a VP of capital markets. 

I had a STR in another market get shut down by zoning, so I put construction workers in there on a 30+day stay over the summer and now have a MTR tenant to keep the lights on through May after which I'll sell since I have no guarantee on having another 30+day contract next summer.

For new entities formed after 1/1/2024, there are 30 days to report!

@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.

Quote from @Milena Garcia: this sale I hope is all done after 2 months..

As for serviceability, I personally prefer kohler as a plumber.