The first 6 months are acquisitions, removing non paying tenants, and taking over operations/management which is just the beginning of the stabilization process.

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

Search the archives; plenty of content on the forum on sober living operations.

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

Of course, always check recent reviews.. they tell you more than a flashy website.Size Matters: I’d avoid both extremes... massive firms managing thousands of units and one-person operations juggling too much.

Co-founder of Visio Ltd, operating a real estate investment fund across 48 states dealing in distressed single family homes sourced from financial institutions and sold to fix & flip and buy & hold investors. $100 million equity & debt managed.

If anything this is more of a fly-by night operators vs seasoned operators argument.

Turn-key operators, etc. 

Lenders see all, including how little margin some flippers are operating on.  

If you operated a business, even without an LLC, you may potentially be able to write off certain expenses.