The landowner simply wants to get lots sold and create activity in development.

Yes, there are more steps to go through (often including sending in a W-9 tax form), but those steps are usually pretty straightforward.Additionally, most of the folks tasked with finding the housing for the company's VIPs are really appreciative of being treated well by a good property manager, so you can stand above the crowd by simply responding quickly and respectfully.

The lipstick renovations simply don't pencil.  

We make over double the fair market rent. with zero collection issues and turn overs that are simply hire the made to go clean..

I wish I would have stuck to simply multifamily but everyone has a strategy. 

Focus on this strategy rather than simply seeking the lowest-priced property you can find.

We simply wanted to keep it and turn in into asset (long term).

Many loan officers who work primarily in the owner occupied space will try to argue that DSCR is more expensive and have higher rates, but that is simply not true in most cases. 

They are simply more sophisticated and have greater resources to conduct more thorough diligence. 

You can normally work smarter not harder simply by investing in better real estate.The last thing I will add is the notion of cash flow and BRRRR being dual objectives.