The lease was re-crafted when I purchased to add an appendix that strictly prohibits trampolines, pools, swing sets, and more. 

These communities often feature amenities such as fitness centers, swimming pools, and communal spaces, providing residents with a high-quality living experience without the burdens of homeownership maintenance.Moreover, the low housing supply in Sunbelt states has created an opportune environment for BTR developers and investors.

DSCR lenders make their own guidelines that can be similar to conventional loan guidelines but are often different as the DSCR lenders generally sell their loans after closing to replenish their cash to investors who have different guidelines depending on the investor pool. 

The builder says it is fixed (the builder patched the roof, replaced a tile, dried the walls using fan), but the leak detection test still identified elevated moisture levels in the walls and they couldn't pinpoint the source of the leak (There was no leaks in the pipes)So now someone else gets this solid opportunity, while you continue to search a more limited pool of opportunities than that someone else.

Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The critical factors in any STR are nicely themed rooms, a higher end game room, modern decor, and a good view from the pool area. 

I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.

Pool unfixed for a few years.

I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.

While people are listing 4/4 pool homes for $99 a night my 1/1 April ADR is $146 (76%  occup with 6 days open at the end of the month so might reach 90%+) and my 2/1 $220 (100% occup).