Start by mapping local property managers and investors, then attend REIA or investor meetups to introduce yourself.

.• If you paid LLC #1 with cash-out or equity, record that as “Due to LLC #1” (intercompany payable).Big picture:LLC #1 got reimbursed for all the money it put into the project (purchase + rehab) and keeps any cash-out.LLC #2 now owns the rental and carries the new refinance loan going forward.It’s simply an intercompany transfer wrapped around a refinance.Two sets of books, two clean entries, and the numbers stay honest.

On the self management side you can certainly do that. 

On top of this I am over 10 years in as a landlord without a single missed payment of rent and 0 evictions.There are many more perks of staying local from lending, property management,  and most importantly fast tracking yourself to property number 2. 

How rare, with a combination of good screening, good management, and luck my family that has had rentals since the 1970s has never had an eviction and never done cash for keys.The housing shortage creates good tenants that pay their rent (as evidenced by both the delinquency rate and eviction rate).  

If you have a nice size portfolio that is breaking even, if managed correctly, that will eventually turn into cashflow.

WORST property management in the Kansas City area - property owners stay away and find any other company.

If anything the shared appreciation program seems more of a benefit for a lower payment and lower barrier to entry. 

this will offer you a low cost of entry and a longer time to do any repairs. 

One that rewards churn and that doesn't hold a manager accountable for bad decisions.