One of his questions was the transition of the properties from his current PMC to mine.

Sometimes, using strategies like a 1031 exchange can defer these taxes while transitioning into another investment.Highest Long-term Returns:Generally, if the property is in a high-growth area, holding might offer better long-term returns through appreciation and rental increases.

As of now I am looking for any advice on what I should be doing to prepare for this transition and how people have successfully managed room sharing properties.

Property is versatile posied pretty well for STR’s and long term hold I feel given the location.The investor group seems to be streamlining into new construction and flipping / selling from what I gather (lots of properties on market now and new construction projects in development, I think the selling agent mentioned they had 400+ SFH in portfolio currently they are trying to sell off and transition more so into new construction and large scale apartment complexes) and have own separate businesses in the HVAC / Roofing / flooring world etc.I think my take away here is that I need to get my hands on the previous inspection to see what came up and check it off.

I have a call this week to explore this option for hosts and see how PMSs can make this transition easier.I am in the process of creating a direct booking site and wanted to make sure I was using the best PMS system for me.

I'm looking to build a spec single family, the problem is that I don't have W2 income as I'm transitioning in my career.   

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

So now, to my question... has anyone successfully developed a Property Management company to help them transition into the REI world? 

For the investors I work with, I send my flippers to certain neighborhoods (Near east side, Crown Hill, Mapleton Fall Creek) and my LTR investors to other areas (West side, Christian Park, Martindale-Brightwood) -- there are some transitional neighborhoods that work for both (Brookside, Little Flower). 

Our approach is investor-focused, ensuring that each build not only meets but exceeds market demands in terms of both quality and potential returns.I'm curious—how have you found the transition to handling all three aspects of development?