I'm Koby Stull from Dallas Texas, passionate about real estate investing since college so about 5 years now.

We have been taking over rentals for long term that were previously short term for all the same reasons you've mentioned.

In a previous life, I developed midstream energy assets. 

In order for Waco to realize its potential, they need more corporations that will provide an influx of jobs for college graduates and higher earners.

A storage unit is very different to manage than low income housing or a single family in the suburbs.

It requires significant work, and I'm concerned that some additions made by the previous owner may not comply with building codes.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Mike, I can't tell you how much I agree with you.I also work at a college, and when I do exit paperwork for graduating students, I see that thier emails are still [email protected] and they wonder why there are no jobs out there!

Even just pulling Comps for bedrooms, bathrooms,sqft,acreage build year,only 5 comps come up within 5miles.add a 30x40 shop in the mix and a tiny home on a neighboring lot.1/4 acre pond. 3 storage buildings.brand new roof and hvac.

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.