Thank you in advance for your insights.Anthony - Everyone has their own perspective with a tool/analyzer for multifamily properties and there are many out there including Syndicated Deal Analyzer by Michael Blank, Joe Fairless excel model, Robert Beardsley's excel model, and a host of others including some "make your own" models via courses in YouTube.

. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresLet me know if have questions or want to chat further - I can give you my investor perspective.

If you speak with an investor friendly lender they can give you the rough numbers on what the best percentage is to put down from a conventional lending perspective.

I'd like to offer my perspective on this discussion.

Your perspective from a guest's POV is really insightful and appreciated!

From the LPs perspective, it comes back to pros and cons, just like talking from the GP/Operator side.Since in-house property management really thrives at scale, when your GP has an in-house management team, it MIGHT create a conflict of interest.  

Seems logical to have permit in hand though from a lender perspective .

Let's not forget about Syracuse, NY (but just from an investment perspective).Syracuse, a prominent city in New York, offers a rich tapestry of culture, history, and education, highlighted by institutions like Syracuse University.

From the STR perspective, condos - especially smaller 1- and 2- bedroom units - are also a poor choice in crowded markets like Orlando and Miami.  

Yes & no - I see what your perspective is in terms of doing due diligence, but its up to the current owner to allow you to do that.