If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.

Certainly partnering with companies that have consistent replacement properties available makes sense if the properties meet your investment guidelines.  

Are you using a PM company?

Check out competitors of this company.

Jerome is still maturing from running a construction company to being a mentor and business leader that runs programs to develop others for success.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

I also invest in other assets such as stocks, and private companies as well.

@Michael Whitman , it would totally depend on the company, but you make a great point.

I have a robust team of mortgage lenders, title companies and RE attorneys.

I currently do Business Development for our property management company and work with all of the new owners and properties.