Who is selling in the SE or Texas at a 4-5 cap?

I believe that their aren't prime markets per se but markets where STRs do better than others. 

Mainly in Long beach and SE Florida areas.After focusing heavily on growing my businesses over the last few years, I’m excited to reconnect, share what I’ve learned, and learn from the community again.

I agree, being taxed as an S Corp saves lots of money from not having to pay the full SE tax.

Personally, I would avoid epoxy/cement in a living area in SE MI. 

I didnt look at that metric per se, but what I saw over the last half decade was a number of flippers, small residential landlords, brrrr people who were getting into the syndication space. 

All of my current units are in the SE Florida. 

its not the notes per se its the assets securing them.. this model has been tried many times and it fails most every time..

In the market I am inqiring about (SE CT), I don't have a team built and need the peace of mind that I have someone in the area to rely on.

SE tax is typically presented as 15%, or 15.3% to be exact.