The biggest concerns are external factors from the president, the president did not have play in the S&L crisis back in the early 90s, and same for the 08 crash; the president did not effect that or have the ability to play a role in it to see the large down cycle. 

I'm a local real estate broker and property manager.  

Almost all reputable property management firms have strong indemnification and hold harmless clauses as part of their management agreement.

**Streamlined Financing**: Instead of managing multiple loans, a blanket mortgage consolidates several properties into one loan, simplifying paperwork and payments. 2.

Investing in residential multifamily properties allows you to capitalize on this appreciation while benefiting from multiple rental incomes.Easier Management: Managing a small multifamily property in San Antonio is generally more straightforward compared to larger complexes.

Are you implying that I should maintain two separate bank accounts - one for holding security deposit and the other for rental management expenses?

We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

Seem you may need to hire a property manager in New York.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

When considering a vacation rental manager, take a close look at the Airbnb management contract.