I did this prior to my R2R purchase to ensure my numbers were in the same range as R2R's projections.

Other than location I would clarify your investment thesis: "turnkey" vs value add?

Where are you three located? 

Where is your property located?

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

There's nothing wrong with where your your present cleanout is located.

Here’s how they approached it:1.Scraping Listings: They used web scraping tools like Beautiful Soup and GPT APIs to scan Airbnb for properties in their target areas.2.Image Analysis: They trained an AI model to analyse listing photos, identifying homes with solid potential (good structure, layout, location) that were undervalued due to low-quality photos.

If your business operates in multiple states, you may still have tax nexus and filing obligations in both, regardless of your LLC’s location.

I agree with your approach in aiming for better locations, seems that texas (dallas /FT worth) fits the bill.

As your portfolio starts to increase, you can start creating single-member LLCs where the property is located, and then you can put all these LLCs in a trust.