Tip #1 - no such thing as one perfect market There is lots of data on Bigger Pockets and MTR experts that have released rankings of top cities for next year, but remember it's not just about the purchase-- it's also about the operation.

It just might be a different strategy involved.Cash flows through refinance or sale or operating cash flow is the same in my book.  

Even if city looses, they'll probably make things difficult on operators with all kinds of rules and regs like many other cities. 

As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.

Aside from that, it sounds like my operation is quite a bit smaller than what you and your network operate with, but properties that are wholesaled are usually all cash or hard money, so the initial funding aspect usually isn't a roadblock.

While the second LLC does not yet have an EIN, can we temporarily operate using only the bank account of the first LLC (which also holds the property)?

I do NOT think having an operating LLC located in a different state than the ones owned is overkill. 

Missy is one of the top 10 turnkey operators in the US.. 

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