Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.

The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

Quote from @Jaycee Greene: Hey @Daniel Stegelman, how much are your operating expenses?

That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.

The most important part of a syndication is the person and company that is operating the syndication. 

Those few that are still buying to hold virtually always are doing large value add that virtually always is more than just a rehab.  

So you still need to sign.Have you provided them a copy of the operating agreement of the LLC, certificate of good standing etc.

Are there any insurance companies that people would recommend for this investment strategy that do operate in the Austin, TX area?

@Tanya MaslachYou do not necessarily need to have an Ohio based entity to purchase and operate rentals in Ohio, HOWEVER, many lenders are beginning to require that either an entity based in the same state or a foreign entity is registered in that state in order to obtain a loan approval. 

Non-profits and/or sober living operators may also be interested, depending on their needs.