The biggest advantage to MF is the diversification of risk if one tenant moves out.

The biggest challenge I found was finding a property in a desirable location for both myself, LTR, and STR as well as a layout that allowed this.

Based on current ratesYou have to answer yourself this questions to make a decisionI have bought multiple condos over the years to rent or fix and sell, and it depends on the area, value, rents, etc.Mu biggest issue is dealing with HOA.

Never skip your due diligence OR I would charge the biggest deposit allowed in you state. 

I’d love to hear if your biggest home runs have been from: a) buying an existing STR, tweaking it with your own unique skill set and applying your experience-proven enhancements to be a top performing property, orb) converting a previously non-rental property into an STR?

I guess I look at it different than you, one of my  biggest fears is something happening to either one of them and having to replace  the quality partners in my operation that they have become.

I think you are in the right place at the right time.Plenty of opportunity in the DFW and North Texas area.Some of the world's biggest real estate titans got their start or real estate jump right here in North Texas.People like Trammell Crow, Ross Perot, Jr, Jerry Jones, Lucy Billingsly, Craig Hall, the Wilks Brothers, and plenty others.

What’s the biggest challenge you’ve faced during a fix-and-flip project, and how did you turn it around for a successful sale?

Biggest issue is high cost property in my area that’s preventing me from getting started.

I wanted to get the BIGGEST line of credit possible so that i could get ready to buy home cheap in the next 2-4 years when the market dips (recession).