Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

See if any of them will allow you to use their address as a virtual location on the Internet.

Same thing with Clayton Morris and any other well known operator really. 

No one is going to come to your door stalking you, but feel free to pay a few grand a year to "hide" your identity that will be able to be found in 15 minutes or in a request from the tenant if they request ownership of the LLC or the operating agreement to understand who they are signing a lease with.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

So I think the operative wird is balance.Note - Most of my career in Construction was spent working for exremely wealthy people that you speak of. ($12 mm dollar houses and all that....)

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

Once my Oregon Project is done end of this year Move base of operation and personal residence to my home in Vegas .