(I'm very interested in Kansas) .Am I able to fly out and see the operation and city, talk with the personel about how they handle rent, tenant placement, maintenance issues and other various property management task? 

That is why most MHP operators stay away from wells if they can. 

However, with the more complicated operating systems and heavy competition, that’s not true anymore. 

For example, any STR operators could choose a specific scent for their property, and then get the candle version of that scent for guests to purchase after they check out.  

To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.

@Miles Dirmann learn to filter out responses from those with something to sell and those that are good operators trying to help as you navigate your journey on BP, in RE meetups, etc.

And then create an operating  agreement with the equity and cash splits? 

Some turnkey operators are offering discounted DSCR loans requiring 30% down. 

There maybe some misunderstanding, being a short term rental property owner that will be self managing the daily operations, I’ve learned that in this scenario I would need to count at least some of the time spent setting up the property to pass one of the material participation tests.

They run a big operation and need to feed that system accordingly.