Examine Transactions: Gain expertise in evaluating real estate transactions.

Having no experience, capital or expertise and thinking your going to be successful setting up a “wholesaling” business4.

To truly grasp this market, you must jump in or draw on the expertise of those with firsthand experience.

@Don Konipol: You are the lender and I am not and I respect your expertise and posts.

When 2 out of 11 investments go completely bad, it can't be a sustainable model for investors.Good luck,Glen

I think there could be some work done on this to model ways to put reserve money to work prudently over time. 

Padslip has that model, it is a kind of the competition for people who do house hacking :PGood Luck in your search and investment. 

If you're doing a hybrid model of STR and MTR, I would suggest just getting a STR policy. 

When deciding between managing your own property or hiring a professional service, consider these key factors: your available time and expertise, knowledge of local regulations, property scale and location, access to reliable maintenance resources, tenant management capabilities, financial implications, emergency responsiveness, and personal preference for hands-on versus delegated management.

After having some difficulty finding qualified tenants who could afford the rent, a highly qualified tenant approached me asking to lease one of the houses using an STR arbitrage model.