You can always choose to self-manage or outsource if its a good deal.

Depending on the experience we may opt not to go the LLC route and try to establish other strategies for asset protection that is consistent with management and cost minimization.Would appreciate hearing about the experiences of other real estate investors, including about the pitfalls to avoid with this kind of structure? 

I need ANYBODY AND EVERYBODY who invests, rehabs, and property manages in Birmingham to recommend contractors, agents, management companies, real estate attornies, etc that I could use.

@Tracy LeGrandAre you looking to do an MTR/STR for purely investment purposes and to have something to manage/work on in retirement?

What I meant was should Cap Ex and a property manager be factored into computing Cap rate and DSCR?

Hello,Have hired a property management company 1 year back .

Where do property management fees go on IRS form 8825?

I would really like to explore the MTR space in Cleveland, but would need some boots on the ground to help manage it.

I am going to talk to their case manager very soon and hope that they are willing to assist. 

Do you have any recommendations on which cities/ zip codes you find better and which company would you recommend for property management?