I had one w him a couple of weeks ago. very slow so far but he confirms they will move forward asap. greetings!

I have a client in Kansas City, MO that had to make the EXACT same decision a couple of years ago.

Yes they suck. ...alot lol.Nice south bay burbs are still highly desirable, low DOM, naturally appreciate and coupled with value add still present good returns.Ironically techies (from many different cultures) still want a 3/2 picket fence house.This strategy, however, comes at great personal discomfort.

Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

If you have a network of a couple consistent buyers, that's all you'll ever need.

I have a couple STR investors do this here in the winter months depending on the events coming to town

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

When you own a couple of units, the odds of there being unexpected vacancies that overlap each other are usually low, but when you acquire more and more real estate, the odds of tenants moving out around similar times increases. 

So every couple of years we get to the point where we can’t accept the PM company’s performance and we have to look for a new PM and hope we find a unicorn. 

I owned one for 13 years but it was a STR for only a couple of years prior and the other for 7 years and was always a STR.