I work with plenty of out-of-state investors who are seeing great success here in Ohio.Read this article on the "core 4".

@Kevin Siedlecki I haven’t worked with Norada directly, so I can’t speak to them, but I’ve had experience with other turnkey providers here in Birmingham, where my brokerage operates.

First, I would build your CORE 4 wherever you're investing which consists of finding a great Realtor, contractor, property manager, and attorney! 

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.

When you are operating STRs at scale, calculating these numbers makes perfect sense because you know the ebb and flow of your other listings.

Husband is finance major, worked in fintech with eMoney, I’m a finance operations advisor for recent PE backed, high growth businesses.

However, I realize I need to focus on cultivating more investor relationships that would support such opportunities, as the ones I currently work with prefer to operate independently.If you don’t mind sharing, how did you go about building your partnerships and establishing those key relationships?

They weren't experienced operators.

We currently operate in the Smokies and have chosen Chattanooga.