As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

You’ll learn how to:✅ Work with different investors and operators✅ Understand the dynamics of real estate partnerships✅ Build relationships that lead to future deals🚀 Lesson: Every good deal is a networking opportunity.4.

You want to be understanding and not "kick them out", but at the same time let them know you operate differently than the previous owner and if they would prefer not to operate that way that's a decision they can make.

It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.OK, chasing 32unit apartments, acquisition priced between 3.2M - 4.8M.  

They're a credible operator.

Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.

Does anyone have advice on next steps and/or examples of terms, operating agreements, types of LLCs ect. ?

Some operators really need better training and education and drag down the great operators who are doing it right and offer a great service and product.

This approach has not only improved our operational efficiency but also helped us stay on top of opportunities without getting bogged down by the details.Have any of you tried alternative strategies or found other methods that work even better?

We’re operating in a smaller Ohio market, and while we've brought in the top real estate agent in our region to sell the first six units individually, I’m considering whether a different approach might be more advantageous.Rather than selling unit by unit, I see potential in structuring an exit to an institutional investor or a well-capitalized buyer for the entire development.