You STRs tend to be a little higher end and guests have higher expectations.

So you can expect a discount to get to that point..

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

From the little I know of San Antonio (I am a wholesaler who specializing in selling STRs nationwide) its not a super hot Airbnb market but the amount you expect for rent sounds pretty conservative. 

A quick word of advice: Do NOT expect a home run deal.

., @James RichardsonWas the Q2 distribution disbursed later than advertised/expected? 

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

You would expect a clean title at close so if there is some issue, then either it would be resolved by the seller or the deal would fall through.

Hi everyone, I was curious what might be some of the biggest problems to you run into while managing your properties? (Tenants not paying on time, keeping track of payments ect..)

I said I could t do that.