As many have mentioned, Memphis is an excellent market to target for investing and your boots on the ground team will make all the difference. 

You should always do research to see if this is viable in your target market but generally this is less common as many people want private spaces instead of shared.

We’re targeting companies managing 200+ units, where tracking tenants and optimizing property performance can get complicated.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

@Felicia West I analyze every multi family property that comes on the market in my target investment areas.

STRs have platforms that do much of the heavy lifting to advertise your unit once you've set everything up.

Hence if I were in your scenario, I would be targeting properties in the Texas market, preferably at least an hour or so away.

Just curious as to what percentage of STR landlords advertising on Airbnb or VRBO would allow 30 or more day rentals on their property?  

But the red tape and the inability to scale due to the way mobiles are purchased and then not having boots on the ground where I was targeting were just too many obstacles to overcome in terms of risk.But the numbers were there. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)