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.

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

Expenses will level off: Multifamily operators have been plagued by expense increases in the form of taxes and insurance, for the last few years, especially in the south, and especially in Florida and Texas.

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.

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

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

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

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?

So I think the operative wird is balance.Note - Most of my career in Construction was spent working for exremely wealthy people that you speak of. ($12 mm dollar houses and all that....)