Here is what you are teaching others:1.Perform a ton of research on how to generate leads.2.Listen to podcasts on your way to work.3.Question the meaning of life, listening to, and dissecting all that information.4.Find A list, Filter That List, Buy that List, Buy stamps, Buy mailers.5.Handwrite 5000 letters.6.Include a pen inside the envelope for “lumpy mail”.7.Send mailers.8.Experience a short-lived feeling of accomplishment.9.Followed by an intense sense of depression and shock upon receiving a ton of angry calls from said mailers.10.Get a ton of returned mailers.11.Skip trace these addresses.12.Pay for a new set of envelopes mailers and stamps.13.Resend mailers.14.Experience another short-lived feeling of hopefulness.15.Followed by an intense sense of depression and shock upon receiving a ton more angry calls from said mailers.16.Listen to more podcasts.17.Get a “AHA!”

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

Make sure you are aware that the STR rules do not change in the locality you are interested in, also make sure you have Long Term Rental or MTR as an exit strategy if STR does not work out

Usually people have an exit strategy if the STR does not work out and can transition to LTR or MTR

I am looking to invest in C+/B- areas for cash flow in Detroit.Last market which did not work out was Denver-everything is extremely expensive with little to no cash flow and minimal opportunity to value add and even with that little to no return.I picked Detroit cause I lived there for several years and still have family in Metro Detroit so make a trip there every year.Any thoughts on TurnKey companies that find wholesale deals, potentially help with rehab and also have PM's to manage?

I like knowing the Bank President personally and the head Credit officer makes a huge difference with new deals and or if we need a minor work out..

I suspect this will all work out as its the SS space not MF

Don't decide on wholesaling now because most likely that will not work out for you.

I'm not saying this is the only way or even the right way since I've never done this before, but it seemed to work out ok (so far).1.

I wanted to see if folks had feedback on how the market is doing this year… looking at AirDna (obviously historical data) , it seems like my numbers will work out.