We would buy companies all the time where we would retain employees, operations, etc., but we would structure the deals as 'asset only' sales, where we would buy essentially everything except the LLC.

So I scrimped and saved and took a Heloc out on my condo in SoCal and purchased a property all cash in my home state of Oregon from Auction. (171k) It needed a lot of major work..( Foundation, Roof, Retaining Walls, Electrical, Windows, Floors, Pool, un Permitted garage conversion, etc... about 130k) property now is worth about 420-480k, and I owe about 140 on my Heloc.

I'm a SFR buy and hold investor who is very remote from my properties and so I retain a professional property manager.

He provides excellent tactics for recruiting and retaining great tenants so I highly recommend you listen to those episodes before you make up your mind.

Like other auction sites though, there's always a reserve and they retain the right to bid against you in order to coax you into increasing your bid.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Property managers also may charge for lease signings, renewals, a 10% fee for any construction projects or maintenance that they bill out to other contractors, and may in some cases retain pet fees.

Here is why:I have a retainer client whose family has owned and operated manufactured housing communities for years that attended their boot camp and has been lavish in his praise of the value of their offering.

Retain that risk in exchange for the return is something most investors would do.

As you stated, numbers for STR's often work out very well with the right property, area, and layout that will retain high demand throughout all seasonsIn addition to that, Cape Coral in 2021 saw appreciation gains as high as 25-30% which is expected to continue over the next 2-5 years, averaging roughly 12-18% annually over that timeframe