Required distributions from qualified retirement plans.This is controlled by Section 401.

Handling Unforseen DelaysA clause should address unexpected events beyond human control, including weather-related delays, natural disasters, supply chain disruptions, or unforeseen structural issues.

Potentially free parking for your guests.Condos can work too, but there are more variables out of your control.

These are just a few things that could happen.The Arbitrage person is not the owner of the property therefore has limited control over possible outcomes that may or may not happen.These are just the facts.

In a text book case you'd buy a property for half of its ARV (after repair value) and then spend 25% of ARV on rehab and generate 25% equity.

Nor does it pay well for an agent to spend a lot of time with a buyer that has an agency agreement but chooses to sit on their laurels instead of actively pursuing a purchase.Most agents who are serious about helping people do not have time to spend with lackadaisical clients or people who refuse to sign a buyer's agreement.

Quote from @Marc Shin: Hello - is it worth spending money on boardgames within an STR? 

You could easily spend a lot of capital to start with something else but doing the house hack gets you started and your feet wet.

Why are people going for $10M or more, which is at the point you'll have trouble spending it all. 

After spending all day dodging junk mail, junk e-mail, junk texts, and junk phone calls I have very little energy left for junk BP posts!