Keep in mind, the LLCs must each have an Operating agreement to be effective.

Proc. 93-27/2001-43. ]The "gets his capital back first" structure you're describing creates special allocation issues under IRC §704(b)—if the partnership agreement doesn't satisfy "substantial economic effect" testing, the IRS reallocates everything based on ownership percentages and your deal structure falls apart. 

They have been very professional and effective so far.

They also become far better positioned to shift liability to the responsible party and resolve conflicts quickly and cost-effectively.

I would come down during the inspection period to make sure you like it before your deposit goes effective. 

Any individual month is susceptible manipulation or to short term events, (Covid, Gov Closing).There are also some qualitative facts that effect all real-estate.  

I think my skill and experience would be effective in rehab and managem or rehab and flip.

Siding can be pretty effectively patched and painted for years....a roof is pretty much done when it's done.

As a long-time self-manager of our rental portfolio, one clause in our lease has easily saved me thousands of dollars over the years.Early Termination Clause (paraphrased):If a tenant needs to terminate the lease early for any reason, they must provide 30 days written notice, pay two months’ rent, and forfeit the security deposit.Here’s why this has been so effective in practice:When a tenant asks to break their lease, it removes emotion from the conversation.

So I can’t see how placement only can be cost effective until/unless they can do it for $500-$1,000 for properties that rent over $2,000/mo.