Are you intentionally looking to outsource the management and day to day operations to a management company versus self-managing? 

That is how I've operated for years, well before the NAR fiasco and as agents, we have always been advised from referring to status quo, standard, typical, etc when it relates to commissions.It continues to amaze me how many buyers/investors believe the agent value is finding them "deals."

What if I'm the operator of the Fund?

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

My point is even some experienced operators doing more extensive/sophisticated value adds are struggling in this market. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

We own and operate a mid size REI and property management company in Marquette Co. (~300 units or so). 

A clear operating agreement from the start is key to keeping on the same page. 

I may be 19 but that does not have any factor in how I efficiently operate my business, as you can see.

And we were operating at scale, so we had the luxury of riding a float for such.