But the question is whether one can actually achieve the proforma cash flow on older properties with a less economically stable tenant base.Based on your picture, you appears fairly young.My advice is buy properties in quality locations think long term 10 to 15 years - slowly and safely build your portfolio - equity and cash flow will increase over time and in 10 to 15 years you may become financially free.People talk cash flow is king but one can NOT generate financial freedom cash flow with $250,000 or $500,000 invested (equity).Even at a 10% cash on cash return, one needs $1.2M invested to generate $120K a year $10K a month.You want property to be self supporting so it needs to cash flow but once that is reached the focus in my opinion should equity growth which increases net worth.

Many of my flipper customers are getting into new builds. 

Unless you have extensive time and experience managing Section 8 rentals, it is not advisable to self-manage them.Did they send you pictures of the holes in the floor?

Have you looked into working with any local businesses to provide discounts for guests and piggyback off their customer base?

Having a good understanding of how to underwrite industrial deals is critical, as there are some major differences between multifamily and industrial underwriting.I built out a custom model for underwriting Industrial deals, has helped a ton.

After much back and forth with our attorney and their regulators, etc they decided series LLC’s should be a part of their customer base and have rewritten their policies to accept them (and us).

Custom Cabinetry.

I'd start with Vacasa and Evolve customers in your market and unapologetically state that you are new, hungry, and cheap.

Then take pictures of exactly how you found it and how it looks after cleaning.Start by sending them an itemized bill within the timeframe allowed by law.

Attached is a picture, apologies for the blurriness as I didn't realize that it was blurry until I left the property.