I don't have time to be the middle person between a contractor and tenant.

Your title and last paragraph seem to be asking about reinvesting in your business while a lot of the middle is more of entity structure.

I have a few questions about the transition:Since I'll be taking over in the middle of the tenant’s lease, what actions do I need to take with the previous property manager?

From talking to other investors here, I would lean towards the East Bay suburbs.

Thanks so much everyone, this is all great advice and information. o.k. going to get the loophole out of my head then.As we are based in Hawaii I have been trying to find a market that is "closer" to us, especially since I would want to self manage an STR and the time difference to the East Coast is pretty substantial..

I’m currently in the middle of a new construction deal, and have an investor that flips plenty of properties- just closed on 2 of his and we have quite a few more coming. 

They take a comission and are a middle man with the actual lenders.

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

These properties are in the 38127 zip code east of Highway 51 sort of in the Alta Vista neighborhood.

I have 12 acres in middle tn that I am working on entitlement with the city.