I’m looking for properties that below the national average between 120k - 160k ARV.

Was it a national bank or a local bank? 

I know this because I just retired in June 2019 with 23 years in Army National Guard, and while I didn't do what you're doing I know the lingo.I am not a fan of leaving a trail of rental houses dotted all over the CONUS. 

The same mountains I stared at daily from my hospital room are the ones I stare at from my office downtown but I have a goal to get out of corporate and back into real estate by end of year (I'm a nomad and surfer at heart). 

My idea was to invest under an LLC elected to be treated as a corporation for tax purposes.

The government and large corporations use them a lot when transferring people from one location to another. 

I think narrowing to five national markets is essential as a good market can make a deal over a 5 (or greater) year period.3.

Single-family home sales jumped 13.2 percent year-over-year, with 6,044 units sold, marking the eighth consecutive month of positive sales;The Days on Market (DOM) figure for single-family homes was unchanged at 68 days;Total property sales surged 14.9 percent, with 7,393 units sold;Total dollar volume increased 19.4 percent to about $2.1 billion;The single-family home median price rose 5.2 percent to $245,000, reaching a February high;The single-family home average price climbed 5.9 percent to a February high of $301,648;Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last February but above the national inventory level of 3.1 months;Townhome/condominium sales rose for a third straight month – up 12.8 percent, with the average price up 14.5 percent to $216,170 and the median price up 16.5 percent to $176,500;Lease properties experienced a mixed performance, as single-family home rentals increased 5.8 percent with the average rent up 1.8 percent to $1,768;Volume of townhome/condominium leases fell 2.2 percent with the average rent up 3.5 percent to $1,607.

But relative profits were among the lowest in the nation."

I’m planning to circle back with our host today (who is more of a corporate-type host with hundreds of STRs around the country who compares themselves to a “fine hotel” in all their advertising, and are priced like a fine hotel, which is why I feel comfortable holding them to at least some of the same standards as a fine hotel) and see if they have made any adjustments to their policy as the plot has thickened in the last week.