You'll let them break their lease and hand them cash.I manage 400 rentals.

You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

Now we are considering creating a Holding LLC that will be managed and owned by both of us.

Try interviewing at least three managers.1.

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

No management costs?

Far more than most real estate acitivies and much quicker think about it.. you sell the same info over and over and get paid instantly you have no roofs to fix no tenants to manage etc etc.. you do have reputation management of course.

Could it attract squatters, or is it the right move for responsible property management?

I am licensed agent but work for an investor doing grounds management.

Our goal is to bridge the gap between real estate investors and tax & financial advisors who truly get the nuances of REI.This tool is all about connecting folks like you with advisors who aren't just about managing investments or doing basic tax returns.