Typically, you are at least more favorable for cash flow out of the gate with a MFH as opposed to a SFH, but I couldn't confirm the likelihood of positive cash flow. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,428,000

Cash invested: $280,000

1031 into property. FMV is $2.5M with rise in real estate value in FL.

I am looking at one that is pretty modern and has 24 hr automated security and gate etc.

I understand that some people may or not be open to that because they would want to hire a professional management out of the gate, maybe manage the property themselves, etc.

Not the other way around as the 'corporate veil of protection' is still valid while incorporating a business entity mind you.I think you're asking if alternatively an LLC would suffice as a way to organize, but this can easily be determined with an SEC lawyer (even an initial consultation).Your question indicated about ten people involved in this particular business plan and could be covered under the LLC as well in the ability of 'unlimited owners' (people involved)- but again that's where a consult with an SEC legal professional comes into play.There may be things that even your LLC would be involved with that (if you started there) would pop up on the SEC radar- and it seems better to know how to most legally organize from the start.There are various podcasts and books on this topic for folks in your exact situation, but I would consider maybe just skipping those and going for a meeting with an SEC lawyer from the gate- better safe than sorry, and you may be advised an LLC would work just fine for you.

Do you feel like you hit your stride out of the gate or did it take you a number of months to dial-in?

The community where I have my homes has its problems, but it is also well run, embraces the short term rental model, has hired people to accommodate the check in process (gated community with 5300 homes).

Fence and gate is already in place so they can lock down the jobsite. 

Walled and gated, it spans 2.66 acres and features a motor court with a fountain surrounded by gardens and trees.

Something I should've done out the gate.