Understanding the economics of a turnkey operator's business model can definitely help you get a sense for the value you're getting and the sustainability of their operation.From what I can tell, the most successful operators have complementary revenue streams of fix & flip margin plus property management.

But I'd be interested in the sustainability (vacancy, long term tenants) aspect of it compared to two $250k homes you could rent for $2.5k each not including $15-20k in renovations (each). 

That's not a problem,  but sometimes it's not sustainable for that area/building without massive turnovers.  

Rents are too low to sustain expenses of a home  costing that amount .

I'm not sure how you can grow cashflow and portfolio at a sustainable pace without figuring a new source of capital.  

Is this the start of a gradual but sustained broader recession in the overall housing market?

Both of your comments resonate. 

Definitely PG has good potential for cashflow, sustainable growth.Would you be interest to have a coffee meetup?

I'm not a lawyer so I don't understand how you can successfully defend that the LLC isn't an "alter-ego" of yourself to sustain the corporate veil of the LLC. 

I want to improve the tenants quality of life and sustain the buildings for longer use which helps us.