@Ian Ippolito  you may want to get on Ian's mailing list  he is wicked smart and does very deep dive's into crowd funding and other syndicated investments then writes reviews on them..  

I don't know about Memphis but I also invest in Indianapolis and my property taxes went up 17% this year.Another consideration: Nevada has low property tax rates and is a short flight or long drive away.

They certainly display an impressive track record and have a deep bench when it comes to industry experience.

Getting deep into the grey area of the weeds but that sounds about right doesnt it? 

You can also use Google Drive to store receipts.

Seeing as STRs started long before VRBO (1995) and AirBNB (2008) or HomeAway (2004, now part of VRBO) this was considered when it was created.The "Augusta Rule" was a driving force.

Zoom would be sufficient, less time (driving time) and more productive for both of you.

I would like your interest drive your focus.

Another, scarier story I have is from when my business partner at the time and I were touring a house that'd been vacant and on the market for a few years, deep in the back woods of Vershire VT, real middle of nowhere town that has fewer residents now than way back in the 18th century.

Infill lots in the city or recreational lots in the rural areas.. either way you need to buy them at deep discount to make this work.