Hopefully we will be managing a handful of other STRs in the same market in the future.

If anyone has an end lender that has successfully closed a handful occupied padsplit loans and can underwrite based off actual padsplit rents I would really appreciate an intro.

Co-living, on the other hand, mitigates this risk by creating multiple income streams.

Then make the decision if being a hands on landlord is something you are realistically interested in. 

On the other hand, if you're hoping for better appreciation, Columbus will be a better fit.

Provides first-hand recommendations of the renters historical renting behavior.

the essence of BRRRR is to be in-person and hands-on.

I never said you can't make money buying entry level single family homes in the Midwest or any market for that matter....but the investors who are most inclined to succeed are the hands on operators, not the passive investors or those paying retail price for a turn key in a lower tier neighborhood with no barriers of entry.

crazyDo these people just hand over the keys to their car also and hope it comes back ok?

How much cash is ideal to have on hand when starting out?