Quote from @Lakita Woodson: Quote from @Michael Smythe: LLC's are overkill for most investors.Best for LLC Partnerships, where members want protection from the actions of each other. 

Looking back, I’ve found that shifting toward passive investing has not only freed up my time but actually produced stronger returns.

We haven’t closed our first deal yet, but we’re eager to learn, grow, and take action as we build our business.We own Warren Realty Investment Group LLC, where our focus is on finding off-market, distressed, and value-add properties throughout Dallas–Fort Worth and expanding into San Antonio.We also operate Warren Liquidation Auction & Resale LLC (W.L.A.R.), an online auction company that handles estate, business, and commercial liquidations which often helps us spot unique real estate and asset opportunities.Our current goals include:* Learning and gaining experience in wholesaling, fix-and-flip, and buy-and-hold investing* Building relationships with investors, lenders, and contractors* Closing our first deal and using it as a foundation for future growthWe’re excited to connect with other investors — both new and experienced — and to be part of such a supportive community.Looking forward to learning, collaborating, and celebrating success together! 

Here is what I mean https://www.biggerpockets.com/forums/517/topics/1268634-how-...Believe me, done correctly, almost any town will produce cash flowing properties.

Quote from @Tayson Neal: Ok so I have been doing a ton of research and study and I am to the point that I want to take action and do my first deal.

Not really.You’ll need to confirm:• Commercial kitchen compliance• Health department approvals• Ability to produce resident-appropriate mealsRestaurants and AL kitchens are not always interchangeable.6.

Give yourself a 12-week sprint, track reps, and ship one meaningful action daily.

One action this week: verify regulations and rent comps on five properties within your box and line up your lender call.

I'd recommend Appfolio since you're managing more than 50 doors (their minimum criteria). 100% of the PMs I've worked with for my own rentals have used Appfolio, and it's always produced great owner reports.For overall bookkeeping/accounting needs, I always recommend QuickBooks Online since my bookkeeping firm uses it exclusively for our clients who are all REIs.But, for a PM company for the trust accounting, I usually recommend Appfolio.Hope that helps!

Think of it like Insurance:)Once you learn more, you can take over parts or all of management.Making it your full time career would probably require more cashflow than these units can produce.