I'm hoping to find an existing independent PM or franchise to acquire in the next 18 months in the Denver area.   

Thanks for mention mate,Happy to help and offer guidance.We decided to totally pull back on taking on new investors and will just help our existing investors purchase from time to time.It's not worth the baby sitting drama involved and I see folks would rather BRRRR so we will just do the PM and fix the F@#$ ups and charge appropriately for it 🤷‍♂️I moved to the US 12 years ago to build my own portfolio and all I have done was help others build theirs lol.I don't even have a larger portfolio than our highest volume investor...What a joke for me hehe

Some of my clients' existing co-living investments are absolute cash cows. 

But they do exist! 

For an STR, the lender, assuming they are STR friendly, would likely use AirDNA projections, historicals from the seller (if they exist), or an STR 1007 market rent schedule to qualify the rents.

In TN if they do not attend this inspection their rights to object to the condition of the property is pretty much non-existent. 

Will the existing 75% occupancy cover the new mortgage debt?

new construction is very strong right now. deliveries went up every year in central ohio. existing inventory saw a 30% or more drop in unit sales but new construction has grown every year in terms of deliveries and sales. you are selling below what most new construction homes are selling at and also existing homes are selling at.

Pretty rare but does exist.

Augustine does have an existing set of well-defined STR regulations.I'm not sure about Jacksonville but maybe @Brett Nissen can chime in and educate us?