Hope this helps.

Often not as much as retail centers with lots of property management but still takes work, knowledge, and skill.I have a whole process I have developed to assess risk.Hope it helps   

If you like I’d be happy to jump on a call and help you get things set up. 

Make sure to connect with a knowledgeable real estate agent who specializes in multi-family properties in Philadelphia to help you navigate the market and find a suitable property.Good luck!

Appreciate any help.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

Let me know how I can help.

You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!

message me and I'll help you structure it! 

You may also have the owners stay on {part-time} for a season or two to help train the new management (you).Acquire the hard assets:  In this scenario you would only purchase the real property and those hard assets (docks, boats, etc.) that you deem would be beneficial.