For rentals, you just need to find out if it's in a decent area, what the cashflow will be, and what the economy around it is like - is it diverse or is it dominated by only one industry?

Parking your money to wait on a deal to show up is like taking your best players out of a game to wait for the other team to get tired before you put your players back in.

Actually, sometimes not only the GP but any other major players.

Team Player, Operation Professional, Business Owner, Wisdom....

@Dominic Dominguez I was in the same boat at one point so here are my lessons learned.1.

They do not provide gap funding, this is a misconception that lots of newer players in the space have because they want to get into a deal with higher leverage than 80%.

It is an excellent time to invest in emerging C class near downtown, especially where you find super solidly constructed smaller homes dominating the landscape (1950s, 1960s).

Again, I've been posting in this thread to point out that STR investors who are relying on Airbnb/VRBO/etc for bookings (which is most, but not everyone) has inserted themselves into the hospitality industry, which has major players calling the shots. 

Get out of your comfort zone and start talking to the players in the game, create meaningful relationships that provide mutual value. 

It has taken some time to get the right players in place, however, once we got the formula right, we are moving forward with our plans.