For instance, and in brief only using one concept (not meant to be the full list of criteria), a rural property has a population restrictions and proximity to Metropolitan Service Areas ("MSA" - think big city area) as some restrictions.

You will be selling a service: solving other people's problems. 

The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.

Here are a few methods that have worked well:• Data Providers:Consider subscribing to services like PropStream or ListSource.

If you find someone that seems to know a lot of people needing your services, wouldn’t it make sense to focus more resources on them?

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

As long as it’s similar or related in service or use. 

Once the seller signs it, use your CRM to mass-contact investors/developers/flippers in that area (perhaps using your database/services in a different way to identify these LLCs/people) and sell them your contract with an assignment fee. 

The focus is more on the property's potential income and your ability to service the debt.

It is very simple and cheaper to set up the LLC in NJ vs NY ($50 vs $200 when going on the state website) what is still an open question is I also need an operating agreement for the LLC once set up, wondering if that is also free as part of just getting the LLC set up on the state website or if I need to use a lawyer or a legalzoom type of service to do that.