pain in the arse... 

I have a team there and it makes it a little less painful to hand my money over. 

It was just a painful process until I figured it out.

The next best alternative is getting a fundamental understanding of your target audience and their pain points.Please respond to this post if you have experience as an investor seeking out a third party management company to handle your 30+ unit apartment complex (or have created a third party management company in the multifamily space):1.

We feel your pain here in the Short-Term/Vacation rental forum.

I've sold a house to a FHA buyer and it was a pain. 

@Chelsea Ray Soooo sorry for your pain Chicago brother.   

Payroll withholding is a pain in the ***, straight up... both in calculating it and paying it.

Similarly for "unused" chimneys - are they snow capped or bare (heat escaping the building);Windows - broken thermal pains are obvious;Heating Plant (boiler/furnace) - is it running correctly or are there issues (gurgling or short cycling);Tenants - are the windows and/or storms open (with the thermostat cranked) - we reduced the previous owner's heating bill by compelling  enticing the tenants to keep the windows closed during the heating season.The key is to profile the "unloved" properties when they go on the market in spring or summer and then buy them in the dead of winter.

It seems there are a lot of issues down the road with transferring properties into LLCs due to “due on sale” financing clauses and transfer taxes (2-4% in PA), in addition to the legal ramifications.