Specifically, I'm looking for neighborhoods with a good amount of distressed 3+ bedroom townhomes for sale for $120k or less that require a moderate amount of renovation (no gut jobs or major structural issues) and that will get me a rent-to-price ratio of 1% or higher on the final ARV.Thanks in advance for any thoughts/ideas/suggestions!

I would drop the management entity and collect and operate your business through the deed holder LLC.

Very interesting, but it  turns my stomach at it's intrusiveness to one's business model.

So what are some creative ways I could structure the deal that benefits us both?

I'm still gathering tips from my business partner who is beast mode on RE photography for STRs.

The recent NAR settlement could reshape realtor commission structures nationwide, impacting Oklahoma City.

Hillsboro needs an additional 2k plus acres to go from current use to supporting new Chips related activities and business's..

@Edward R. the structure here sounds like a pretty typical BRRRR transaction. 

Also a small business owner. 

There are loads of them in this business, sadly.So if you want to wait out the end of your lease with a dumb landlord who dislikes you and your habits, by all means, go for it.