Now you get all these gurus trying to sell the sizzle like folks are going to end up with pretty homes for 5k each  total BS. 

I am sure a management company would know local laws regarding STR and have those stipulated in the lease for protection against the arbitrage folks.

Are there any neighborhoods which folks would recommend for a passive, newbie, out-of-state investor, to invest in ? 

You'll typically see them partnered with traditional Self Storage - meaning those Facilities offering Storage Units for folks to store their household treasures AND on-site parking spaces for Boats, RV's, company trucks, etc. 

I am an accountability group with most folks who run this gig part time.

Most purchases today are from folks looking to defray the cost of their second home.  

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

We work with a lot of folks from Cali, Oregon and Washington who purchase over here in Arizona.

Hi all, I'm looking to invest in BTR, spec or rentals in Illinois (specifically Bloomington-Normal, but will consider other locations) and would love to connect with other folks investing in IL.

I hope that helps  thats cool just sounded like both of you folks were saying the exact same thing.. so you know BP sometimes has people shilling for their boss etc.. its used to be one would have to mention a business relationship with the person your talking about so people put it in  context.