Quote from @Joseph Cammarata: Birds of a feather flock together.Surround yourself with like-minded people to accelerate your learning, maintain motivation, and find opportunities.Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area.

They cannot lend all of the $1bn of Customer deposits in loansThey have to maintain certain liquidity levels which stops the banks from lending all of it.

Then you need to figure out what kind of rent income you can collect and what are the expenses to maintain the properties.

FWIW-  i already own an LLC for my main working gig, so I'm familiar with that it takes to create and maintain one.

Self managing will do two things - 1) eliminate the 20% PM expense and 2) it could get you a better ADR and hence more revenue, because the PMs show their motivation by driving foot traffic and not optimizing the overall revenue, and I don't have any first hand bad experiences, just by talking to people and some PM's I have this idea.

My back up plan if the STR doesn't maintain, then to roll the unit into a mid-term rental. 

Or (2) putting a smaller downpayment on my first unit to maintain a 20% downpayment on my second unit.

Getting in is overall cheap, but I wouldn't let anyone do arbitrage without them maintaining the property and paying a premium in rents.I am not sure if I agree 100% with @Donald Brooks.

Since I didn't have checking/saving account with either one of them, I have been asked ro open and maintain one.

Others are recently divorced, recent financial hardship, downsizing to a place with minimal to clean or maintain or pay for, etc.I could easily see a 55+ SRO being in high demand.