It’s pretty hard to earn a guaranteed 8-9% return. 

Many will be well educated on their housing options guided by their brands, teams and universities, and are well capitalized and qualified on a short term 3-6-12 month basis, and I actually had a client purchase a newer townhome in Tallahassee for lease to a football player at FSU..Keep in mind the top earning NIL athletes stretch across multiple men's and woman's sports. 

After all, inventory was super thin and many of our markets are highly desirable for owner occupancy (i.e., not just STR).

If you look at real estate as one of many vehicles to earn income, you simply have to acknowledge that it isn’t always going to be the most favored vehicle at all times.  

My goal is simple: once we secure a deal, I buy directly from the seller with cash, and you earn a fee.Are these kinds of arrangements common?

If you position yourself on the outer edge of that moving path of progress, there could be opportunities for STR/MTR/LTR all in the same neighborhood, which gives you that desired strong pivot-ability.  

That might work if your listing is a very desirable one...what happens if it sits on the market 30+ days?

Their shake-down with a $10 photograph can earn them hundreds of thousands. 

I do not desire to reward tenants for poor behavior.I explain the consequences of an eviction to the tenant.

Chapter 11, "Hone Your Skills" section has this practice question: "What is the IRR of an investment that costs $75,000 up front, earns you $22,000 per year for four years, and then generates $115,000 at sale?"