My property manager selects great tenants, is trustworthy, uses effective contractors for repairs, and deals with problems immediately.

In the current mortgage markets conditions, this is not effective for most consumers because you would be giving up a relatively low interest rate for a higher one.

Using this method, I will have effectively no seasoning period. 

Let us get into some of those scenarios I’ve personally been a part of.The number one reason I see why wholesalers use a Transactional Lender in North Carolina are due to laws for real estate attorneys that changed in 2021.I believe it was around July when new laws from the NC Bar went into effect.

Hey BP,I have a question that for some reason is super interesting to me ... but, how in the world do these hedge funds buy tens of thousands of properties all over the country and manage them effectively?

Hi @Zac Boelkow,(all prudent CYA statements go here, ha) It really seems to come down to what you are wanting to accomplish with the structuring.In states that allow series LLC treatment it is a very favorable effective risk-reduction move, so if that's your primary goal then it may be the right move.Otherwise states with stringent business privacy laws (Wyoming, among others) a well-structured holding co. can give the owner BOTH legal protection AND privacy, which tickles the fancy of many a wealth-builder.A brief consultation with a savvy Asset Protection attorney would do you well here. 

She doesn't seem to get speedy responses or doesn't follow up in a way that is effective.

I am looking specifically at Morro Bay for a MTR since STRs are nearly impossible to operate thanks to the new Coastal Commission rules that went into effect.

I could make this really "smart" and more complex by factoring in additional variables into my formula, like current vs. effective age (if I make a repair the lifespan of the appliance will be increased), time value of money, efficiency of newer appliances vs. old ones, etc. however my goal wasn't to get overly complex, and just make a simple formula to make better data-driven decisions on this semi-frequent occurrence.To use the formula, you would just enter/change the values highlighted in yellow on the spreadsheet and the rest will auto-calculate.If you spot a simple way to improve the formula or think I forgot about something, please let me know and I'd be happy to improve the formula.

Gather up all your legal concerns and bring them to an attorney / insurance agent.Ask them at what cost it would take for you to sleep well at night - go with the approach that is simpler and more cost effective.