. - Won't work unless you REALLY know a market and have the proper connections!

Or they could never get to the latter, because they never had the beginning characteristics which include the former to develop properly. 

Without proper boots on the ground, your property will never get the proper love & respect it truly deserves (I get it.

If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.

I've built a $18M RE portfolio without ever having to do a syndication.I hope I answered your question properly!

This would be my first STR so I also am personally interested in giving this business model a try to see if I do want to operate in this space longer term and want to do this properly. 

There are just so many existing pipeline right-of-ways that you cannot physically find an undisturbed site big enough to be worth it near Midland proper. 

So, I had to put zeroes in to maintain the proper format.There's the first two 10-month "chunks".

This is something I would have to dig into your background on to properly advise on which asset class might be better for you and also how much management intensity you desire and/or can handle.3.)

It’s so comprehensive that I’m compelled to give you a great answer, but there is so much to unpack that a full proper answer to every question may take longer than I have tonight.