If they want to pay $1,300/mo as is, saving you the Reno cost.

This implies paying down is saving 6%.  

The price you pay for being part of the Disney World spoon-feed of guests is that the barrier to entry for profitable STRs (ones that leverage close to or max LTV) is very, very high.  

Don’t want to pay taxes on the capital gain.

The reason is because the companies that back these assets, and some others, have a 1:1 between their tokens and the USD (I'm unfamiliar if EURS, THKD, and stables of other fiat offer 1:1).A possible scenario would be that you offer the seller to pay in a stable coin, like mentioned above.

It's likely they’re using this as an excuse to avoid paying rent, and there’s a good chance they didn’t pay the previous manager either.

Even one vacancy or non-paying tenant could potentially be a major problem.And yes, there were vacancies, and non-paying tenants, and major problems.

If you don’t owe then, everything is profit without paying overhead depending on the structure of your lease.

Now, you need to figure out how to find deals and pay for them.

Hey Andrew, welcome to the Forums.That’s awesome you’ve been learning about real estate since high school—starting early will really pay off.