If so, how are you structuring pricing and expectations?

The asset you buy and your capital structure matter more than the management structure.Bottom line:STR profitability with a PM is absolutely achievable—but you need to buy right, structure your debt wisely, and find a manager who actually understands revenue optimization, not just operations.What's your leverage situation?

The Deferred Sales Trust are typically structured for 10 years and then can be renewed for 10 years...every 10 years.

You’re asking the right questions and setting realistic targets, which already puts you ahead of most people looking out of state.With ~$90k allocated to down payment, closing, and reserves, the bigger variable usually isn’t where — it’s how conservatively the deal is underwritten and whether the debt structure leaves margin after a stress test.In practice, I’ve seen investors hit your $200–$400/door goal more consistently by prioritizing:• boring demand drivers (jobs, population stability),• simple assets that underwrite cleanly, and• financing that doesn’t rely on rent growth assumptions to work.Curious whether you’re leaning more toward small multifamily or SFRs 

One of the homes has been vacant for about six months due to an eviction and subsequent repairs, and the lack of structure and communication has been costly.

The answer to this question is often the first real signal of whether there is true alignment.It reveals what someone values most in a partnership.Some prioritize speed.Others care more about transparency, structure, or flexibility.None of those answers are wrong.

If you ever want a second set of eyes on deal structure or financing options, I am always open to sharing insight and helping investors think through scenarios.

. $15-20k is probably cutting it close but there are ways to structure the deal so you can keep more cash in your pocket (i.e. seller credits, closing earlier in the month, etc). 

For long-term holds, we structure debt with survivability first, optimization second.A few core principles we follow:1.

Having been through many different investing strategies and cycles over the years, I’ve found that adapting structure and staying disciplined with underwriting allows you to keep moving forward, even as conditions change.