The city has some real specific rules about operating them and they’re not really investor friendly.

@Josef RobergeYou are operating as a business.

Developing an operating agreement for the LLC will help establish the basis of your business, including capital contributions (HELOC, Loan).

Those folks run a sophisticated operation, and if we don't keep up with their level of sophistication (and exceed their customer service) we would lose business to other investment classes that treat their investors better.Perhaps it could be said that the competitor to TK firms is buying homes directly, and that competition lacks sophistication--thus the hurdle is just above that level and anything above that is good enough. 

Single family homes are pretty simple operations that most people understand pretty well.  

@Ryan Wilkerson put the money in the bank and keep it for operation costs..get our site up to date...host a networking event at your current flip...do not spend on mailers...let the wholesalers do that and you go find your own deals by networking with agents and searching online yourself. 

More points of entry and access ought to result in a more resilient economy, but it can also play the other way - by having so many small operators, each could be loathe to part with his/her money, meaning that the system can freeze up pretty easily because of the lack of well-fortified employers that can absorb economic shock.

You need to work out the operating expenses (OPEX) per unit in your market. 

Setting up an Operating agreement, can this be done online through a template or do I need outside help from an expert?

So we started thinking of ways we could entice residents of the neighborhood to rent rehabbed homes without the fear of not being able to afford rent and the property generates guaranteed rent role without high tenant turnover or encountering high vacancy rates.