Check for Superhosts in the area with high ratings and reach out to see if they’d be open to managing your property.When choosing a management company or co-host, make sure to:Compare fees (usually 10-20% of rental income for STR management).Check reviews or ask for references.Ensure they have good local knowledge and can handle STR regulations in Indy.If you need further assistance or advice, feel free to reach out.

In my view, the rules keep you from investing a sizable portion of your net worth on a lightly regulated investment marketplace.  

If you are direct mail marketing in today's environment how's it going for you?

@Jerry TilleyAsset based is going to be a different Non-QM program than a DSCR and typically higher rates than a DSCR.However, mid-7s on DSCR is high in the current environment and given the info you've provided. 

Yes, market is volatile, interest rates are fluctuating, but the fact that we can't neglect is that banks are more regulated, lending practices are stricter, and the housing market is not based on a pile of risky mortgages. 

Hard to tell without knowing the place.Then you have to worry about changes to the regulations that could mean your place can't be rented short term.

As your new Landlord, it is my high honor and distinct privilege to provide you exceptional management, prompt maintenance, sound hospitality, and a quality environment to call home!

This is highly regulated.

Also, in todays landing environment you can't buy a 3.5% interest with only 14 k paid in points, so again, since you have that option with the sub to I will take that all day. 

Keep in mind though Timber is highly regional when it comes to Harvest regulations , Growing cycles , Species  U have hardwood and softwood.