Too technical for me, but what goes up must come down.

We've got a duplex (which technically we're selling at the moment) and two SFHs in the Springs right now and are looking to add another rental early next year.

Sellers and operators of STR value their properties much higher since you are technically buying and operating a business but in the 1-4 space and 5+ as well (but not as much), values will be based on comps.

Aggregation of properties that Charles mentioned does NOT create the negative side effects that he alluded to, but this is too technical to discuss here.5.

I see based on your profile picture that you understand the importance of reps :)  Just like lifting weights, there are a lot of different niches within REI, so I would find one you like and then find people doing it full-time. 

Also if they use house hacking they would have the other tenant that's paying rent would also be technically paying half of the mortgage as well.

I do see 4 bedroom houses pop up from time to time, but know form living there years ago that technically, you shouldn't have looked something like that for student rental back then.

What is your niche?  

I think you need a niche in real estate to go after.

While it is technically possible to find a cosmetic fixer upper from this era, you have to be able to tell what has been done in the past and what was skipped over.