Looking for opinions on build-to-rent companies such as https://southernimpressionhomes.com/ and https://invest5s.com/portfolio/.Are they a good option for investing in areas away from your home base?

I looked at Buildium (more suited for 100 units + in my opinion), Stessa (real estate focused accounting), and Digb (real estate focused accounting).

The answer to your question, in my personal opinion, is to do exactly what you're looking to do in the future, right now...invest in small multi-family (up to 4 units) that you can purchase below market value in developing areas in order to capitalize on the appreciating value...but to do it with properties that also have lower entry costs, strong rental demand, positive cash flow, and with lower property taxes.

Would this change your opinion?

Hi Yu Jin,Dayton is a step up from Toledo but also comes with a step up in price.The numbers make sense in many Ohio cities.You make money when you buy and not when you sell.So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.Great deals don't last so you need to know the numbers very well in your target market.I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.All I need is the address, scope of work and how much I can buy it for.Quick access to AREIS, the MLS to run comps and "ka ching".I know if it's a deal or not.Immerse yourself in the market and become a market expert on the numbers.Nothing comes easy mate and all good things take time.If you are looking to build a rental portfolio in Ohio you have to build a big one.Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.Just my opinion and all the best.

If you ever need a second opinion on your proforma/underwriting or need a market analysis on rents, let me know how I can help.  

They communicated again at a later time which is great but irrelevant to the question in my opinion because they didn't change the plan they just clarified it.

If you’re wanting to become a co-host it’s no different than being a regular host in my opinion.

I am wondering if we have the grounds to pursue any legal recourse if the PM company refuses to take accountability for the existing property damage (dead grass) and potential threat of an unsecured property.Your advice/opinion is greatly appreciated.

Just my opinion...