A lot a newbie investors spend so much time trying to learning "the right amount" of information before jumping into investing (as if there's such a thing).

Consider exploring the surrounding counties around Lex as well.

Thank you for the information.

Some you're too early and even if you inform them, you'll have to do it again later to comply with the law.

Come talk about your worries and success stories about private money lending, as well as to share your experiences and ask questions!

Looking at AirDNA results, my biggest concern is occupancy rates, most of the calendars I look at have large gaps in them, and when you spend close to $500/sq. ft at current prices (in STR-designated areas), your property needs to rent well above 80% or you charge crazy nightly rates.We've also seen very few property management companies that charge less than 25% there (and 25% is rare), and some STR neighborhoods require you to use their designated PM (Desert Colors only allows Red Rock, and they are at 40% commissions - ouch!).

Well, 99.9999% of the time I've got my license in my wallet but for whatever reason I'd left it in my car!

If your lease contract is much more thorough and comprehensive than the lease they're on now, you may want to try having the current residents sign a new lease using your contract (you would probably need a mutual termination agreement as well to void out the existing lease; again, I'm not a lawyer, so definitely worth consulting one!).

Feel like given my company is doing really well and i have good cash flow and no debt it shouldnt be this hard to find a decent loan.  

I have looked into REI Nation, they market really well for new investors but I am sure they have big fee's and a few horror stories.