The fact that you’re leveraging your background in property management and deal analysis is huge, especially in a city where margins can be tight, but the upside is massive. 

Today is very different as it is all about the management (and not appreciation) compared to past where management could suck but you still had superior apprecation.This will not crash housing of course but all those "creative" deals where people are paying more than market value are going to realize they have no exit. 

@Jeremy H.since NNN leases are Signed with management companies that manage short term vacation rentals, there is a direct relationship.

Hey John, welcome to Sac BP -- I'm a local broker and property manager, we manage 100+ Airbnb listings and generally recommend investing in Multifamily as opposed to Single-Family.

If they have a taste for it then use the equity to buy a rental where they go to College and have them manage it with roommates in it.   

In his experience, Memphis’s higher-than-typical rent-to-price ratio sounded great in theory, but property management turned out to be a huge factor-especially if you’re not local.

I told everyone about it for three months, then one day, an agent came to me with exactly what I was looking for and it was one of my best investments.Spend some time learning to manage well.

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.

It's a nice place but in a small town it can be tough to find a good property manager.

Go for the independent PMs, not just a real estate agent offering property management on the side or one of those cookie-cutter franchises (PMI / RPM).