I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

My buy box is C+/B- 2000 sq ft or better, no HOA, no Pool, 2.5 bathrooms or better and plenty of parking. 

The property manager must make a profit, otherwise there is no incentive to provide the service.

No?

I guarantee virtually no one is meeting that rule in SD because they're all on here looking to buy in Cleveland or Detroit because in that market price to rent ratios are so askew that buying at a 50% discount probably doesn't get you the 1% rule. 

Texas added more new residents than any other state over the past year and now has a population of over 31 million people.
According to estimates released Dec. 19 by the U.S. Census Bureau, Texas added just under 563...

I have no interest, and neither will a majority of investors. 

Important things to look for: if you want to STR (you will make more this way) then no rental restrictions, if you plan to MTR, 30 day min works, anything longer doesn't.

There's plenty of great areas for REI up there, no?

Some packages genuinely improve property performance, while others might feel excessive.