Bigger Pockets is a great start toward getting deals done correctly and reaching out to seasoned real estate investors, especially if you would like to start out using the BRRR method as you have specified in your post, Nick.

Again, happy to schedule a call to discuss our capabilities with you thoroughly so you may understand what we do and why we are so successful.Our utmost concern is always addressing any misleading information that is being perpetuated online mitigated through verifiable data and facts.

I told them because of HOA requirement of 12 months we can't do that and we hung up the phone.But voice in my head told me to talk to them again and see if they can do 12 month lease.So I did and told him that we have to do 12-month lease and they still will be liable after they leave until we have another tenant.His counterproposal was, that we make a lease with his company for 12 months and they will pay me regardless of a tenant being there and they can rotate clients.My concern was I don't just want anybody in my home and he said he will provide me with appfolio's tenant screening and when we give green flag then and only then they will move tenant.

., I did not end up using them, as I’ve still to list the house in any method.

What has been your most successful method in finding deals?

@Nicholas LohrWhether the specific method used by @Daniel Dietz works for you or not, the important key in his story is that the buyout scenario was spelled out in the operating agreement, in advance. 

We would be depending on the rental income to pay most of the mortgage/taxes/insurance, but are concerned that Galveston may be too saturated with similar properties and that we might have a hard time getting enough renters to earn that income.We'd love to hear from others in the area who host STR property.

I am concerned about calling them back and letting them know we want them out regardless as this could lead to property damage.

My proposed strategy is to use the BRRRR method with a budget of 25k. 

The reason I am so concerned about them being commercial is because I know that you have a lot more control over the value (using NOI) than you do with residential (determined by market comps).