This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

Renting the PropertyIf your parents rent out the home, they have multiple income-generating opportunities: Renting As-Is: A 4-bed/2.5-bath home in a desirable area could command a high rental rate, likely around $2,500–$3,500/month, depending on local market conditions.

I'm from Franklin, which is about 20 miles south of Nashville, and I'm very familiar with the Greater Nashville area growing up here.Feel free to reach out if you're interested in connecting and I'm happy to be a local resource.

Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

We put together multifamily deals locally, and also run a monthly meetup group.

You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.

Find a local one.  

There are a few options(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there. 

I financed this property using down payment funds from 403B and a local commercial bank.

We would love to connect with investors, as well as investor-friendly realtors and property managers in the northern Alabama region.Any insights into the local market or recommendations for neighborhoods to explore further would be greatly appreciated.