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.

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.

This will also be a training course on how to landlord, and you can see if you like it or not.

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.

These are professionals with additional training and a stricter code of ethics.

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....)