This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.

Active operators are far more likely to succeed in the entry level SFH space and that's not who buys entry level homes from turn key operators. 

I heard Delaware is the best place for LLC, but that you need your LLC in the state you are operating?   

This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

It costs money to own and operate real estate which is why you need a primary source of income. 

I’d love to learn more about how you operate in multiple markets and what strategies you’ve found most effective for managing properties remotely.Looking forward to staying connected!

Self-storage has cooled a bit in the past few years (after an insane boom the years prior), but there are opportunities if you can dig them out and are willing to do the operational legwork.

Only the above average STR operators are doing well.