Most SFRs that are selling to become STR in my area are selling at around a pro-forma 9% cap rate in my area. 

That way, you could have the operating company be the face of the brand, and then form as many LLC's as you need to actually hold the properties - all of them owned by the operating company.Is this a viable option to build a long term company or is there a better, easier way?

For the second choice, do you mean form a CA LLC and register in each of those states as a foreign corporation? 

Thanks for your for your input on this.Follow up question - If you form a company and you have a real estate agent on your team, could that agent make referrals to other agents and collect referral fees?  

Even if you form a corp entity you have to pay yourself a reasonable salary and there will be pass through income.

Find a lender that you like, that you can communicate with and form a bond with them.

Makes hard to analyze.Here are the numbers:Purchase price:$230,000Expected Monthly Rent:$1,500I ran the rental analysis and here are the returns:NOI: $11,868COC ROI: 0.09%Pro forma Cap: 5.16%purchase cap: 5.16%Cash Flow: $120/MthPlease let me know if I’ve missed anything.

Feedback appreciated. The property is at 10111 S Ave. L, Chicago IL. 35% IRR with 0 appreciation projected seems almost to good to be true or am I just used to north side? Comps show as-is rentals $900 and rehabbed $1...

By the way, this is specific to your more hands=off goals, not necessarily geared for people wanting to do flips/rehabs or more complicated strategies, although, I have known people who to do that form a distant also.There's these new fangled inventions you may've heard of, the interwebs, email, phone, and even local map street views, etc.

Hi All,I am using the Bigger Pockets lease for MA residents.