We operate in the DFW, San Antonio, and Houston markets, helping investors grow their portfolios with turnkey LTR properties.

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

I’m a long term rental guy, so make less than an Airbnb type operation on cash-flow .  

This person pays one full month and now I am switching companies to evict them.The director of operations keeps getting fired and swapping with a new person and then they email me and dont even remember that we had already spoken on the phone about the eviction.I learned more about the eviction process by talking to other local brokers and property management companies who I wasnt even paying yet than I did from my own company.

Simply put, there are a limited amount of PMs that will operate in the area, so I ended up with poor management.

Unfortunately, no one is "allowing" them to operate, @Stylianos Kalamaras.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

It’s a well oiled operation to collect money then give you vague updates and excuses.

Hey Dan, renting to a sober living operator can be a great idea.

How about using SDIRAs not to hold assets but to operate businesses?