I even see seasoned investors enroll in the program because they get more deals faster.

May be due to the current off season.   

@Hemal Adani   There are a myriad of more experienced/seasoned syndicators out there if you look. 

I have people that book for multiple weeks during season and I don't blame them for wanting a better feel of the place before shelling out $20K.  

That compounded over time, along with you becoming a seasoned investor can lead to 8-10% cash on cash returns over time. 

You won't likely see an influx of renters though unless you did a short term rental during the winter season when the outage happens down there.

We have done this for over a year now and this strategy has gone really well.We are very experienced in the STR space and understand that getting bookings is multi-faceted (ie. listing photos, reviews, amenities, PRICING, description, seasonality, etc).

I work with newbie ( and seasoned ) CA investors every single day, helping them find some great properties in the Memphis area. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.