Compare that to what you are losing now which appears to be nothing except the inconvenience of a less than ideal payment pattern. 4.

I manage my own short term rental and have one cleaner who does all turnovers and another individual who cuts the grass every two weeks.

I mailed over 3,500+ postcards to private individual note sellers in TX.

It would be ideal to start here for a hands on approach, but honestly, if the deal is good, I'd take it in any profitable market.

It would be ideal to be hands on for my first deal.Any thoughts would be much appreciated!

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.

I am excited to be part of BP and look forward to growing and learning from experienced individuals.

I also found Brad Sumrok's apartment investing program ($35K for you and your spouse or $25K individual) which is also based in Texas. 

Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you]. 

If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment.