This is ridiculous and I feel scammed.  

I feel like maybe these markets are too saturated.

Not saying you feel this but many think its a get rich quick gig.

Just wanted to make what is the first of many posts and say hello to everyone :) If anyone has knowledge of multifamily investing in the New Orleans or Baton Rouge area (or is on a similar path), feel free to connect!

I had been somewhat interested in short term furnished rentals (30 days or more) I looked into Homesuite.com then I called a few operators around me to feel out the competition. 

I always make sure to help the team but also support them while giving them room to make the position theirs, get them to realize they are part of the company, not just an employee. 

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

A borrower really needs to have at least some "skin in the game" to make lenders feel comfortable.

Feel free to reach out if you have questions or want to brainstorm ideas!

Alternatively, I feel that a property manager could probably rent the property out and cash flow even after they take their cut, but I am worried about the screening process and potential tenants destroying my new home.