It sounds like you are taking all the risk and they are doing what a normal property management company would do.

Hey Henrry, I appreciate your response and I think setting up a website sounds like a great strategy that I never really thought about.

I also see where you’re coming from regarding the no state income tax—it can sound great, but when property taxes offset any savings, it loses appeal fast.

As much as investors tend to complain about realtors, I'd strongly suggest that YOU need one since you sound very new to the game.

.- Does anyone think this is a sound idea?

DST's have their place and purpose but are not the end all to be all investment.You need to still make sure the deal is sound and if you need to exit the DST is it allowed later and at what discount would you need to sell off your shares.   

All those areas you mentioned sound South, what about North closer to Northeast Philadelphia Airport?

@John PipitoneIt sounds like you want to rent your place for more than 180 days?

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

Sounds good, thank you!!