As with any investment, make sure it meets your objectives.I’d also encourage you to look at any losses you’re generating and view them as tax assets in case you have any income on any properties or any gains from any sales. 

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

Hard money, private money, joint ventures, even lines of credit secured against existing assets—there’s a ton of capital out there looking for strong operators.

I don't want to keep putting money into repairs on something that will never generate a return.

Quote from @Ray Joseph: If you attend a local meetup, I'm sure you'll find investors that operate in other cities or states.And you have thousands of out-of-state investors to mingle with right here!

Jay thanks for the tip, it helped in searching and learning about "lead generators" in the fine print in lending and what means.

Create a separate "operating" LLC to handle management activities, including collecting rent and signing leases.

Generational wealth is on its way! 

Leverage is were the return is largely generated. 

I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out.