If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.

By being physically present, you can gain valuable insights into the property's operations, interact with residents, and assess the team's performance.

Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale. 

Although he is a banker, he thinks having the ability to operate as a broker and place loans with 30+ other lenders, in addition to his bank, is the "best setup."

It should clearly state the operating income, operating expenses, and net operating income.

The other unit a hot tub.The unit with the pool and hot tub has been operating as a STR for two years.

I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

Pick solid operators and solid asset classes.We syndicate self-storage projects.

Does anybody have experience with sober living, or group home operators renting your home?

Those are not the most important parts of the operating agreement.