You have to really understand your funnel and market segment as well as execute extremely well for this to work.

@James Carlson You probably already know my thoughts on STRs vis a vis 'affordable housing' :-)But this is going to play out as it will, and ultimately even Gov't intervention/restriction will fall to the power of the free market, so we'll see how it goes.I wish the property owners and entrepreneurs well, although some of them will learn that 'elections have consequences' as 44 so famously said.

Despenas LLC aka SDIRA Wealth aka Modern Day Living Real Estate LLC are all scam companies that inflate housing prices in the neighborhood only to sell eviction-prone extremely damaged homes with no intent to perform the agreed-upon inspection repairs and send you through multiple corporate hoops after purchase only to completely ignore you immediately after the sale.

And I don’t know if they’ve ever given up a power they took or a fee they’ve imposed. 

This is due to the extremely annoying TX 50a6 home equity laws.

Together, we can harness the power of technology and creativity to make significant strides in our personal and professional lives.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Also, the property is currently paying me to own it through cash flow.My main goal in my LTR business is cash flow … I’ll tell you right now that I can, of course, cash flow better in northern Minnesota where the average house costs 100k and I have the power of leveraging cash out refinances which is my biggest issue in CR… my money is stuck in the property.  

Your wanting to do high-risk via extreme leverage....via high risk OOS investing, committed to never being boots-on....... via high risk class c....... doing reno's to make habitable which is high risk at a level we should just call it EPIC risk..... 

This was extremely frustrating since he charges a pretty penny for closings.Based off my experience I would not recommend him for a 1031 transaction.