I am in the process of vetting property managers and they are int he running.

I am still searching for a solid and well run property management company in Memphis, TN. 

Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required). 

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Quote from @Leah Miller: Hi @Kristi KandelLooking for someone to run the entire project.

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

You may run into issues since it's a smaller loan. 

Once the TSMC is really up and running, it will only amplify that.

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.

Anyone have some first hand experience with RADD/REIT that Dutch Mendenhall runs.