I'm chez, and I've been lurking on BiggerPockets for a while now, soaking up all the incredible knowledge here.

This makes the summer an incredibly busy time, especially with a lot of these turnovers happening within an 8-10 week span.

Looking into MTR in Thousand Oaks at the moment.

@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them. 

In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.

The 1% rule incredibly flawed, even as a short form underwriting technique.

As a developer and land consultant, to have that kind of information at the forefront is incredibly valuable.Hopefully that helps.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

The other thing to keep in mind with self-showing lockboxes is that it's incredibly easy for someone use it as rent scam.

You're in an incredible area for long term rentals and vacation rentals.