Look at the macroeconomic charts and census data as well.

Their pictures of the leadership team is sketchy as well. 

If there are lease violations, mention them-you not having a key to access the unit WITH proper notice or in case of emergency is one of them.I'd also tell the tenant that they are clearly not happy there, so finding a new place is in their best interest as well and as they have several months, they should have lots of options.

Looking to add some unique features as well, but some of the draws would be a hottub and stocked pond to fish from.

Waco Texas is a known city that has a very good Private College, Baylor University.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

(well you said "negligible".

I'd highly recommend this as Dave was young and had no capital when he started as well.

What worked well, and what challenges did you face?

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.