In reality I dont want to put my money out and theres those that have no resources to large amounts of cash, loans, etc.

I would like to get insights on how active are out of state investors involved in managing large apartment buildings to give me an idea if I should get involved with this larger asset. 

To me it would be hard to scale up your portfolio as quickly without using leverage.  

It didn't help that large companies are moving their HQs to the area (i.e.

If I were interested in scaling to more than the 5 STRs I have I’d go for it.

It takes a large staff of people to help new investors learn.

I know it can burn when you have a totally baseless case filed against your llc, because you'll obviously have to shell out the $$ for your attorney to defend the llc, money that you'll never recoup, but its necessary and really shines light on the ability of your operation to scale itself.As to needing to be licensed - I know W-2 employees don't need a license for brokerage activities concerning properties owned by their employer.

I would make sure the escrow is large enough to cover any conceivable repair bill otherwise if the escrow is short your seller will go dark.

Just something to think about when using a line of credit in large amounts of money.

If you have serious cracks with large gaps or it is uneven, then you might want to consider some options, but it sounds like your problems are not big.I would consider doing the paint job if the current paint is bad or the color is ugly.