You need to stay outside of the City of Charleston since they have strict short term rental rules that’s require owner to occupy.

There are very strict regulations on submetering and you have to register the property as well as provide a submeter addendum with the lease. 

Plus the city is extremely strict on MF zoning. 

This is especially important in MA, where our security deposit laws are so strict. 

It would be best to speak to brokers who you'd be hanging your license under about what rules and regulations they expect you to operate by.

Regulations change, have an exit plan.

Easy to blame your PM but the reality is that you don't know the regulations governing your business and for that reason can not manage your PM.You need to learn the state regulations and then if necessary find a new PM. 

Check the local regulations.  

This is an establish investor, odds are they're not buying from either of us, they have their ducks in a row to replace our role of buying, managing their rehabs, and possibly even managing.The rest of the process efficiencies such as bulk buying of construction materials and passing on the rehab savings is a benefit, but this one is common among most operators and property management companies, not strictly turnkey providers.

Do you strictly want passive income?