All our data was well-organized and cleanly presented (no dropping off boxes of unorganized documents in their lap).  

Any MF of the quality and size (50 up) I would have been interested in would have been cash flow negative for the next 5 years or so, even with 30% down.

If you are borrowing $800k, rates will likely drop enough for you to refinance in the next 2 to 3 years. 

Just curious, since I'm currently having my STR designed and furnished and my next step was to sign up for dynamic pricing. 

How do you approach educating people on the realities of the business? 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Maricopa County ranked among the counties in the state with the highest number of foreclosure filings.

Obviously if you have NNN most of the repairs will fall to the tenants and not to you.

You will need money to put down on the property.  

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too