I used Zen Business to setup my first LLC and it was super easy.

It's with the entry level SFH turn key business model as a whole.

If the IRS gets busy auditing them, maybe they will leave you alone.

I would love to hear from others doing flix and flip in NYC on their experience on doing this business.

Yes, operations is a big part of that, especially for anyone that wants to be a business for the long-term.If I were you, I would be talking to office brokers about partnering more than an online forum.   

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.

I'm not sure why that metric has held true but it still applies, the properties that perform well above that ratio are the owners that treat their STR like a business.

If you are using STR, REPS, or self rental with material participation to convert to active or nonpassive income, you do not have to do this if you have passive business invesment that produce passive income that will exceed the loss generated by depreciation.

Take that for what it is.I like markets as an investor and business owner with median pricing close to or below the median average for the nation.  

Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.