It should be discouraged that they flush wipes or feminine hygiene products.

Very Good Question:This is how I answered this question to myself as a potential purchaser of this product - ( I was looking for an assignment paperwork and somehow I downloaded Cody's for free.

We are cash poor and cannot afford much good land outright, but could seek spec loans if needed. 

Short term rentals can be advantageous for immediate cash production, but are more risk as compared to a long term rental.

Poor tenants cannot obtain quality housing.

@Arya Chen despite limited reversal in a few select markets with oversupply, the general demand for this product type is very high, leading to lower cap rates that likely won't change much in the near term.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

An older property with low interest rate and into cap-x can easily do much more poorly than a newer unit with double or even triple the interest rate but limited or no cap-x. 

That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Rates have improved for these loan products as well.