While a lot of STRs, and properties in general, can work as an MTR, really nailing down who you'd like to serve can absolutely help guide your purchase decision on your next property. 

You hit the nail on the head.

It hits every nail on the head and I see it everyday where everyone acts like sheep and just follows the herd because some guru told them too.

Sometimes, just knowing the rigth people...whether that’s sharp-minded agents who see a gem before it’s polished or a reliable contractor who’s not going to vanish mid-renovation...can make all the difference.If I had to do it all over again with $80K in my pocket, I’d jump on that first multifamily, rent it out, and let the tenants’ checks pay off the mortgage month after month.

That will require a rough and final inspection. 2) When installing drywall you will need a nail/screw pattern inspection. 3) You will need to provide 'conditioned air' to these rooms..how are you going to do this and that will require inspection.Will you have to increase the size of the electrical panel?

We don't even let the tenants fill nail holes or touch-up paint, as they usually screw it up, so we let a lot of little things go as normal wear and tear and just have it addressed between tenants.

Hey @Eric Chappell  You've absolutely nailed it - "class tracking" or the equivalent somewhere else is usually a top dollar feature.

Funny enough, after making a few calls to my network in Scottsdale, plus tapping into a couple of connections I’d developed through some late-night investor meetups, we found a buyer quicker than he could polish off his morning espresso.

Once you have those dates nailed down, have your setup team at the house opening the rest of the boxes and setting things up, that way you have someone to receive the delivery who is not just getting paid to wait around. 

From what I can tell, the only thing saving these companies is that they have great marketing and do a good job raising money from new investors for the next project while polishing the turd of their last project so they can sell themselves as a great success story.