Just like with appraising a house, you want your rent to be close to the rents of the properties surrounding it - so that you aren't under-renting your property.As for contracts - you will not find a lease at Walmart I'm betting!

Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.

There are obviously a lot more factors that go into it - real estate is always going to be a mix of the tangible property/market itself with a mix with the investor/operator including experience, risk appetite, financial situation etc.I would say however if you are just getting started in real estate - LTRs are probably (in a vacuum) the better bet as STRs are certainly more sophisticated and challenging from an investor perspective

I was the only other bidder (sucker?)

But... if it is, I think your best bet to find the type of syndicator you've described is... offline, and over a period of months or years. 

Next up is inventory, tech job losses and property taxes.My bet is that as rates go down buyers will jump back in the market in a big way.

I won't say you will never make the same mistake again but I'd bet money on any of your next deals you don't make this mistake again.  

DSCR Would be your best bet, we can structure these loans a few different ways to meet your needs.

This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.

I bet you are starting the call by telling them they are in preforeclosure.