I've worked for contractors that provided services to ppl that did the fix and flip method.

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.

Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.

Is there a comparable service that has less monthly expense?

My concern is the service is quite expensive for the first three months where they help you plan you strategies for investment  path.

yes, and ask their T2, most syndications are got hit from multiple angle right now to increase in property tax, insurance, increasing debt service and stagnant rent.

Self Manage for all the previously stated reasons and this very important tid bit - if you self manage you own your reviews, most management companies will take the reviews with them if you cancel the service - look into this for sure before you sign any contract.

The assets are sized in that sweet spot of $5-$10M, where it's too small to afford a compliance department, but big enough to meaningfully impact the lives of the operators, investors, and tenants who are all interrelated. 

We were decidedly in the affordable price range with our rental property offerings in Augusta.And we would learn and experience hard lessons about property management in affordable income homes.

El Paso is reasonable, so you can probably make it work there.Here is a list of most to least affordable cities