Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it.

I wouldn't get it tangled up with the operations/financials of the property.

Yes, I am curious what market you are in.We have had people sell every year of our operation, all for various reasons. 

If you're in the FM area and you own/operate STRs I'd love to connect.   

This was the assumption we operated under until December 2023.

These guys operate like flies on the wall.

Active operators are far more likely to succeed in the entry level SFH space and that's not who buys entry level homes from turn key operators. 

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

I’d love to learn more about how you operate in multiple markets and what strategies you’ve found most effective for managing properties remotely.Looking forward to staying connected!