Are you trying to generate cash flow?

They were not great ideas to begin with and now we would like to consolidate all of these small funds into a real estate purchase that would generate better cash over time. 

I would like to start a discussion and/or get input from you all on a decision I've been back and forth on: buying an existing property management company or growing organically.There are a couple of threads on management company valuation with very helpful opinions, but none seem to address the purchase of an established, fully-functional, long-tenured property management operation.

What gets the most traction, what generates the most face-to-face opportunity?

Very familiar with one, my husband calls it camp and the mere mention of me renting it sends him off on a tangent.....original full log cabin on 10 acres next to federal forest, generator, 10 acres....it would rent in a heartbeat...but then I would be a widow.

Not only that but they are renting for well under 1%.Even at those numbers and super cheap financing and highly optimized operating expenditure profiles, this has to be an appreciation play rather than a cashflow play. 

Looking for a reasonable price for getting the entity set up and operating agreement created for checkbook control.

I sincerely doubt this new generation will either. 

If you do you will never make any decisions.If you choose to operate out of fear renew their lease and live with it.

I’d probably create an operating “shell” entity that did all my business (just you) and then create individual property entities with investors that are used to own each property.