That's actually what I was leaning towards, finding a cash buyer that wants to buy and hold put it under contract for what he owes assigning the contract for a small fee and the end buyer would still have a few thousand in equity but wasnt sure if that would work. 

The other properties I purchased with Memphis Invest: one appraised at asking price, the other appraised a few thousand below asking price.There have been no tenant turnovers in the past three or so years.

Has anyone succesfully managed a STR from thousands of miles away without the use of a property manager?

Yes you will spend some more upfront but with potential hundreds of thousands of dollars on the line over the year it is a small price to pay.Here is a commercial attorney local to Houston I have used and does a good job.http://www.vblawoffice.com/staff/andy-van-buskirk/    

.:"..LOLIt would be kinda silly to go and pay thousands of dollars to some real estate guru when all the help you need is available right here at you fingertips, and most of it is free. 

They could get private/hard money, but with cap rates so low here, you would be losing thousands of dollars per month if you had that many doors in a strong expensive market.

I'm literally having to go to war.  

My Dad literally does everything.

Literally.

Keep in mind the structures themselves are worth a couple of thousand dollars each, maximum.