So, last month I was laid-off from a job I held for about two years.

A few things to consider: are you increasing rent each year to at least try to recoup some of the additional costs (everything goes up, so why should the family member not pay more-if it is your parents, it is more complicated), how much has the condo appreciated over the last 3 years since you bought it, and what would you do with the money when you sold?

\we have an oprotunity there to purchase multi unitr there and want to advice with someone that well familier with this area

(go look at business credit)Next, some costs...really insurance...is very expensive on the commercial side (well, for STRs specifically, insurance is very pricey).  

Learn how to manage it well.

This includes marijuana as well as electronic cigarettes (i.e.

I understand that you wont be getting a "deal" with turnkey, but I think what I was concerned with was that the listed price was well above what Zillow/Trulia suggested that property specifically was worth, and the range of prices for that neighborhood. 

I currently use TenantCloud, which I think works pretty well for self-managing DIY landlords, but it's not meeting the needs of my property management anymore (I manage close to 70 units).

Buying existing rentals and improving it is another story. typically I'd agree but we build a stacked triplex that does very well with build cost around 380k and rent at 5k a month. value is about 600k I think you need to build multiple dwelling units in the same building for the numbers to work

Been looking at a structure which will be optimal for having a portfolio of rental properties, financial investments, and all the other general life stuff, which will assist in asset protection, as well as tax liability etc.Thoughts on this?