About 1/3 are still not providing distributions but their cash position is strong and I'm not concerned about them potentially selling at a loss. 

My mentors (both successful investors) swear by building strong relationships often saying  "It's all about who you know,".

Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)?

I like the strong infrastructure investment and overall job growth trajectory in these parts of Williamson County.We're also seeing similar job and infrastructure growth between Austin and Bastrop mainly thanks to Elon Musk's investments in the area.

I only buy Strong B or A and live with the 5 to 6% return but the real money is made in lending and new construction for us.

If you are going to invest in class C I strongly recommend you physically go visit the property and the area with your own two eyes.

While your value added is in the physical aspect of real estate (building SFR, developing subdivisions, etc) our emphasis is on deal structuring (loan modification, wrap mortgages, interest rate arbitration, real property consolidation, tenant repositioning, etc.). 

Best of luck on your journey—your approach is strong, and with persistence, you’ll be well on your way to achieving your goals!

From my experience, here are a few property management companies that my clients have worked with:ERA Solutions: They have a strong presence in C-class neighborhoods.Realize Property Management: Better suited for A and B-class neighborhoods, though they do manage some C-class properties.Ohio Elite Management: Primarily focuses on B and C-class neighborhoods.

So you're in a strong position.