Katy vs piney point, cypress vs. the heights is more of a locational speculation from years out and why you follow the businesses. 

With effort and good communication from all parties involved everything was done remotely with me in South Africa.

"I'm too busy to manage investments": Limited partnership allows you to enjoy the benefits of real estate investment without the hassle of day-to-day management.

After George Air Force base closed, so did a lot of Businesses, Growth in the area stopped almost overnight. finally started to pick up again in about 2004 then all of the sudden home prices in the area rose 300-400% between 04 and 08...

Remember this is a business to me and not just a listing. 

Managing STRs involves guest communication, coordinating cleanings, promptly (like, within an hour or so) handling any maintenance issues - it's completely reasonable that their rate is higher than that of a LTR PM.  

@Robert Rixer what worries me about MSP is rent control, unfriendly business policies and no real large corporate growth.

And the newest ones have no pictures included, just a description.I hate to say it but I can't monitor craiglist/zillow/hotpads each and every day (and one of the ads that still shows up involves a house I've had rented since September of 2013).

As our business grew, we started an LLC and transferred the property in.

Picture this: After weeks of negotiations and planning, all parties involved finally reach an agreement on the terms and conditions of the sale.