Even if you have a good framework, it's much harder to manage virtually and stay on track.

For us that's 15% off the top line I definitely am not familiar with a majority of the US but why would a host take occupancy taxes off the top?

I am not knocking listing agents, but majority of their time and effort is spent getting the listing.

Majority of my clientele are out of state investors.

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

Are there any major investor meetups in the Seattle or Tacoma area?

All of the major metros in Texas are taking STRs seriously now.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.

I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.