You said you live in Austin, no better way to learn than directly so, there is a syndication group Viking Capital LLC, that is buying/raising for a 252 unit property in NewBraunfels, about 45 min south of Austin, watch their webinar at their website below and they have an 82 pg slide show as well, then take a 3 hour trip to go see it, walk the property, go into office ask about the units available/leasing how the market is from the office staff, look around for quality of property/deferred maintenace needed then drive the area for other competitor properties.

I'd talk to the tenant and let them know that it will be harder to find a new place to live with an eviction on their record. 

I live on the beach in FL and do all my biz, in Cleveland.

You can't find 2% anywhere on long term rent but to get that in CA with CA appreciation is massive.I have not heard of someone completing a hands off garage conversion STR for as low as $80k in at least 5 years.  

I currently live near Frederick, Maryland.

I'm a bit late seeing this post, but wanted to throw in my two cents since this is where I live! 

Hello folks in Lending forum,looking to try and see about potential lending partners who can write large checks (7 figures) and are looking for very high yield (much higher vs private lending rates) and higher than HML rates.only need lending for 4-6months until large line of credit gets granted and we pay off the short term note.ping me if worth a conversation or have ideas...this seems perfect for a family office just wanting to place dry powder for 4-6mos while they are looking for other deal flow but trying see about other options out there as well.thanks in advance.

But if you don’t live in the Midwest, it isn’t for you.

If you live there you can more easily lay down the law.

Hey @Usman Khan, Here in Denver, CO we have that law and some people will find a co-host who lives there and the co-host obtains the STR license.