Your financial advisor has the historical information from every DST sponsor.

When you say private lender, is this institutional capital or from an individual?

Hey James, with a price range like that Columbus and Cleveland OH will be a standout choice, in these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income. 

When your traveling staff are housed, is it typically done individually or as a group?

I am considering using a different strategy but will STR again if I can't financially figure out how to make other strategies work.

Material participation test, which is (for the sake of this post) likely going to be 500 hour test (500 hours materially participating in the rental activities) Please note this "managing the property manager" or traveling out to the property to look at it or just looking at investments to buy or reviewing financials in themselves do NOT count towards those hours.

You don't know your neighbor, and you never see him at the house, so you decide to look him up and call him to ask about the car, thinking maybe he'll sell it to you, since he seems to have no interest in maintaining it .... you're just an individual calling up another individual to ask a question.

🌟 Dreaming of financial freedom?

I am ready to make some changes that will be beneficial to me in my financial future. 

I think your plan of buying a second home in your market and renting the first, and building equity over five years is a great idea.If you want to see some 'case studies' of available investment properties (with financial analysis)  in the KC metro, as well as some additional info and stats, I am happy to discuss with you. reach out anytime.