I later prioritized diversification in multiple markets over scale, so having 75+ units didn’t make much sense.

Generally this ends up being allowed deductions for specialized or safety equipment. 

The option period is for you to negotiate items that are safety issues.

Unfortunately, safety in STR is becoming a major problem, that the hotel industry is capitalizing on.

Being able to force appreciation through value-add work is a safety net during volatile times, especially if you end up needing to exit soon after purchasing and rehabbing.In the next few years...🛠️ you'll have time to complete a good amount of rehab work on your own💰 you'll likely be earning more at work than your starting salary now, and the monthly payment will be less of a burden🔵you'll likely make friends who may be willing to rent a room or two from you (house hack) to reduce your monthly expenses, if the monthly payment is difficult for you💸you'll likely be able to refinance at a lower rate.

Banks requires (2) months copies of your checking or account for the down payment.If you get the cash into the account 3 months prior it will "not" show as a large deposit that you have to source and show it came from a personal loan which then causes no issues in underwriting.

I want them to have a safety net. 

By having reserves as well as a safety factor in income you can overcome some of the highs and lows. 

This emergency fund should not only cover you mortgage expenses, but will give you a safety net in case something does go wrong after your tenants move in.

**Safety Upgrades**: Installing security systems, fire alarms, or sprinkler systems ensures tenant safety and compliance with regulations.Understanding and budgeting for these capital expenditures is crucial for long-term success in multi-family property investment.