With that being said, I prefer to buy vacant units so I don't have to terminate leases or drastically hike up rents upon purchasing a place, not to cast judgement on those who do so (a lease is a contract, once that's fulfilled you don't owe the tenants below market rent, nor should they expect that), but that is my personal preference.

And I have found that many HML prefer your property be in LLC and that you have investing experience.I thank you all in advance for any guidance and advice and I look forward to learning from and hearing all of your experiences. 

Sending random letters can get very expensive that is why we prefer cold calling and texting leads. 

Since your risk is already limited in a syndication deal to your invested capital, investing in an LLC is mostly just a preference/piece of mind.

@Russell BrazilDo you really think it is extreme to not want companies collaborating to decide what services/products/opportunities you will eligible for based on your political or personal preferences?  

It all comes down to your personal preference. 

We prefer to wait until they expire and then talk with the seller. 

I bought it with all sorts of projects in mind, but I have found that I would prefer something lower maintenance and instead to focus on increasing my income.The downside of a straightahead sale is that, now that I am "self-employed", I cannot get a traditional mortgage for 2 years.

Then you could also get another STR somewhere else, as you could utilize a low down payment loan on the primary.Denver is a great area to invest, and I always prefer investing in your backyard!

They use Zillow too, but also prefer their own application over the Zillow application.