Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

Additionally, managing series LLCs can be challenging, especially when it comes to opening bank accounts or handling titles for individual cells, which can create unnecessary complexity.

I'm a property manager, let's network! 

I, like you, am a managing partner of a holding company, but unlike you, we are heavy into the real estate space.

My goal would be to start within 1-2 years and get some more experience with the construction process, project management, financing/budgeting, etc.

It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

A $10M project repurposing a former grocery store into a dynamic dining and social hub in the heart of FUSE.🚀 Big things are happening in Gastonia—what are your thoughts on these developments?