Hi Alston...I have properties with MidSouth HomeBuyers and I highly recommend them as a turnkey operator.

@Heath D Wallace operates as a property manager?

That applies to any turnkey operators as well. 

syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.

You also could find a partner to do the operations so you can avoid the parts that stress you out.

Companies choosing new locations look for these key factors:Metro population over 1 Million: Companies require access to a large, skilled workforce and established infrastructure.Low Crime Rates: High crime deters both businesses and residents.Low Operating Costs: Companies prefer locations with lower taxes and fewer regulations to maintain competitiveness.Low Risk of Natural Disasters: Companies avoid areas prone to natural disasters that can disrupt operations.

Okay so is there a need for an LLC which has some terms in the operating agreement? 

I’d suggest focusing on securing solid DSCR loans—like those from thelender.com, which lends up to 80% LTV, considers STR income, and operates as a direct lender.

What does your LLC Operating agreement say about dispositions? 

Quote from @Cooper Schmidt: Hello Everyone,I currently live in Abilene, TX and serve as the Director of Basketball Operations at Abilene Christian University.