I work in construction project management now.

Thanks for your valued input I’m unclear as to management of the entity.  

They are professionally managed with audited financials and you can trade in / out of them at will with minimal transaction costs.  

We've been using a rental manager for one property and we're about to purchase a second.

Two Years, Eight Figures, and a Very Steep Learning CurveMost people think being a general contractor is about tools, trucks, and telling people where to put walls.After my first two years actually running a GC company in Indianapolis—and managing eight figures’ worth of construction at Off Leash Construction—I can tell you it’s much more about:• Managing risk• Communicating clearly (and constantly)• Saying “no” when it would be easier and more profitable to say “yes”• Protecting investors from their properties, their budgets, and sometimes themselvesI didn’t grow up dreaming of being a general contractor.

But this time he is going to fully manage the project.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I’ve personally seen a multi-family commercial flip through my co-investing club, and it highlighted how larger commercial deals can be structured collaboratively while mitigating some of the hands-on management that comes with residential rehabs.

I am out of state and self manage.

I am considering using a management software that does not allow the landlord to control how payments are made.