@Kristin Solbachjust to confirm... do you want to be an STR owner and operator?!

Some strategies to consider:Networking with wholesalers: Many off-market properties don’t make it to the MLS, so connecting with wholesalers who operate in OKC can be a great way to access these deals.

Can anyone point me to a step-by-step guide for end buyers working with wholesalers? There are a few things I'm specifically interested --- Do wholesalers actually enter into a PSA? Or is it a trimmed down agreement (...

As an out of state operator, I like having the added protection of the waivers but using one or the other or both is really up to your comfort level.

I know a great MTR operator, Linda Allen, in your area.

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

For resources about available syndications, podcasts are a good way to hear the operators talk about their company and mission.

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.

Building your core-4 will also be fundamental to investing out-of-state, I'd recommend reading this article by David Greene: https://www.biggerpockets.com/blog/core-four-real-estate-tea...The Midwest markets present some good opportunities for investors with cheaper price points, lower taxes and a lot of them being landlord-friendly as well.