Properties that are operated by a management company are also out.

It can still work in niche situations but I think it is a grind and you gamble time and money. 

For STRs in Indy, having a solid property management company or co-host is key to maximizing your rental income and keeping operations smooth.

The business and real estate value are packaged in the deal, and the crux is that the current owner is the operator who has mismanaged, and is looking to retire.

MTRs can be operated by working directly with businesses, that's my strategy.

I got a feeling that life as a Private-$ Investor may be a great place to start, and these properties lend a perfect means to testing that out, solving 2 issues in 1 action, because you can JV your way out of the operational side of things AND retain that long term financial upside. 

I have a nearly perfect credit score and I'm gambling on that for my first project.

We have an operational general contracting business here in Chicago, but we are slowly building technology solutions around it.Always looking to connect and talk shop around tech and real estate...would love to connect!

Do you plan to manage it yourself or look for an operator?

I self manage my own rentals and I also operate a management company assisting other investors nearby.