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

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?

By the math of it, CA is making it impossible for carriers to operate in CA areas of fire risk.

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.

A property management company cannot operate using the logic that it hasn't been that cold yet.

@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

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.

We travel for work (healthcare) and chronically live out of MTRs, so it will be our first time operating a shorter term, but won’t be an entirely foreign situation to us.

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

BP has a book on Partnerships written by Ashley Kehr and Tony Robinson.On the technical side I would suggest partnering on a single flip which can be done with a simple JV agreement before jumping into creating an entity and crafting very good operating agreements.