It's hard to find that type of cash flow in out of state. 

We have experience with this exact type of rental: we know the business, we know the building, we have the contacts, we've done the management, and had other arbitrage properties pre-COVID, etc.

Are these special types of rules that apply to this? 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

Mine are similar to @David Robertson's but less formal.The type of scope you put together will depend on whom you intend to hire and what you intend to do. 

Like any service based business, you're going to encounter a variety of types of fee structures.

@Mathew Morford what type of investing strategy are you planning on employing?

Specialized Lenders: Look for lenders that specialize in investment properties or non-traditional property types.

It can be a great business model, but there's a lot to understand about MTRs because the niche is broad, but there's an art to matching your property type with the right type of guest.

I don't have much experience with the entire process and want to know what's a typical commission % for this type of transaction?