I must say for buying a property in San Francisco, you will need at least a good liquidity of six figures to start, whereas areas like Oakland, Daly City, San Bruno and some regions in the East Bay provide entry points that are easier to buy into and rent in the first deal that is good enough to offset the cost.Good luck!

Not good enough for me.I understand what Matt was saying about billions going into it. 

Is just using a service like Northwest Registered Agent good enough?

I used Flipper Force for a while and liked it as well, but the accounting features aren't good enough so it wasnt worth the money for me just to use the project management portion when ClickUp does it well. 

If so do we need to declare this structure inside the LLC's operating agreement, or is a verbal agreement between me and my brother good enough?

The short answer is yes in my opinion.As you say the great properties in great areas are always going to do well.The "Airbnb" type properties (Ones not good enough to do well on Vrbo) are going to struggle unless they have something going for them like being close to someplace like a hospital, university or are very walkable to something interesting. 

For a lot of investors, that’s “good enough.”Where I see the potential difference is in incentives and focus.

The deal has to be good enough with your assignment fee included, otherwise nobody will want it. 

The Go Daddy vacation rental template was good enough for me and super easy.

Even if it does turn out to be terrible I've burned way more than 49 dollars on way dumber stuff in real estate, that is for sure.editHe probably does not remember it, but years ago I reached out to him and he gave me some great advice on a niche form of real estate investing, which is why I am saying if it is good enough for him it should be good enough for me.