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

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

If you are going to pay for mentorship, find an experienced operator in your market or better yet, offer to invest in the experienced operators projects and get an inside look at their process and systems.

Nothing wrong with LTR's - but what I like most about STR's is you are (usually) operating in better appreciating submarkets. 

None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc. 

Im a medium sized operator - 46 units- and my typical deal has an ARV from 200 to 230 when its finished.

While I have managers handling the daily operations, I still oversee everything remotely.

Even when they are charging you a very high percentage, the agent is probably operating at a loss.

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

Some have pointed out the fallacy that to be licensed in some way is different upon the operation.