But yes we do bifurcate our portfolio and manage it to make sure it’s well balanced as well and not teetering too far one way or the other.Chris, I never knew about SEC audit.

Use Series LLC to handle management activities, including collecting rent and signing leases.

Quote from @Noah Laker: I'm a local broker and investor, and manage 100+ Airbnb properties for clients.

That's where good people live, and good people make good tenants.But before you put money down on a house, I would find a quality property manager.

Hi Cecil,We're based in Redding as well and operate Authority Property Management.

There are also online platforms that will handle managing security deposit compliance, refunds, etc. like rentable.com

Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

I am from out of state so wanted less maintenance in the short term while I build my portfolio and grow to the point where I am comfortable hiring a manager!   

As the owner of a property management company in Washington, I have encountered this situation before.