If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.TIA Hey Marina, I'm so sorry you're dealing with this, what a terrible situation. 

We've taken over a lot of turn-key properties that were turkeys because the rehab and PM were terrible.

Purchasing a STR in a somewhat sketch area is a terrible idea and as others have mentioned, is going to open you up to potential issues. 

On the other side of the coin the turnover and amount of terrible wholesalers is high.

They also chose to use roku tvs without a physical on button. just terrible, terrible build quality. bought 4 and 2 are already damaged after a year.

I've helped self-managing investors find good property management after disastrous DIY experiences, and I've helped investors with terrible property management find qualified and reputable companies.

I don't always agree that these regulations are terrible.

About 3 years ago she agreed to do a deal with me and we found the property and applied for the mortgage together and got to the inspection where a terrible problem was found with the foundation and that the walls of the building were significantly bowing.

The new owner called me and told me that after looking through the financial data, there was no way he would sign with them due to their TERRIBLE performance.

They were not terrible, some people would call them C minus, and it wasn't even that much about financial considerations at the time (appreciation was not a thing back then in Milwaukee) but just not what I wanted to own or manage, so I sold them to them tenants - after quite a bit of financial coaching to get them to qualify for a loan.My standard advice is always to buy the best quality property you can afford.