I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

We are not putting up capital, just handling all development/build planning and operations.

I don't understand why they operate this way.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

Look into contacting some builders that operate larger scale in your area.

While I don't believe that you need a full blown business plan, strict operational budget, timeline, scrum board, etc...

No one is going to come to your door stalking you, but feel free to pay a few grand a year to "hide" your identity that will be able to be found in 15 minutes or in a request from the tenant if they request ownership of the LLC or the operating agreement to understand who they are signing a lease with.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.