You would also likely be better off shutting down the LLCs and operate as a SP which will save you money longterm. 

We're operating our platform as operators because we intend to be around under the same management for a long time to come.  

My plan is to run my buy and hold residential business as follows:1) The retail side of the business will be run as an operating company (OC)  that manages properties.  

Therefore I was thinking to operate 1 of the 3 rental units as a vacation home (inspired by last week's amazing podcast) aiming to keep the unit occupied enough to generate a similar or even higher income to the other two long-term units.Does anyone here have, or have had a similar set-up, and would like to share their experiences with me?

I need an operation, but my company won't give me workman's comp or short term disability.

If a wholesaler lands a great deal, are they going to pass it to you or to a bigger operation that is reliable and will take every available deal. 

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

Once you heat the paper/ glue underneath, it peels off easily.

I've also checked out B2R and there's another similar one operating under almost the same constructs - firstkey lending. 

I'd love feedback on my initial course of action/plan and connecting with others in my area willing to work with newbies that can add value to their operations.