The Short Term Rental Secrets Podcasts and Website by Mike Sjogren is pretty great for learning a ton and hearing from big players in the market that started from nothing.https://open.spotify.com/episo...https://www.strsecrets.com/abo...

You’ve given me nothing about your experience to let me know you are competent and capable and not a flake. 

Memphis has a diversified economy, with major players in logistics (FedEx, UPS), healthcare (the Med District), and education (University of Memphis, Rhodes College).

I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.

Add to this that there are 400+ houses coming on the rental market in Bennah Oaks in a short period, and we will all be competing against each other to get a tenant in.

You are competing with local investors.

Being that overly conservative in your underwriting does not suggest any type of competency or skill, it suggest the exact opposite.

I ultimately believe he comes from a scarcity mindset and does not want other investors in this market competing against him. 

We do not know if big players are shorting their own positions because they plan on collapsing the bubble.I do hope Jerry Shen was able to turn his fortune from Yahoo!  

That’s a great point, and let me break this down for clarity.First, it’s important to note that property income tokens don’t directly aim to compete with fixed-income funds like FLBL.