It defiantly depends on what area you're looking into.

Enactment of the clause depends upon the lessor (landlord) agreeing to the colors and rooms to be painted.

I also find that depending on the tenant, my one Airbnb property has less wear and tear because it's constantly cleaned and maintained versus my other rentals where the families living there settle in and accumulate stuff - which makes it hard to deep clean regularly (to my liking) as well as just the constant daily wear and tear from kids etc. 

Depending on when the STR was placed-into-service, depreciation will be prorated based on the amount of months remaining the tax year. 

Depending on the market you don't have to be a genius to capture good upside if you've got a good project, but when you don't mitigate the downside it doesn't matter what the upside looks like (in my opinion).

@Ella VolneyTypically, you can only find a lender in the country where the property is located and, if you're not a resident there, it will be more difficult if not impossible, depending on the country.When it comes to investors, they need to be open to the idea and then you need to have opportunities that fit within their right risk/return profile.

Highly depends on the particular community. 

It would be volume-dependent. 

Losing $1,300 per month at a minimum doesn't sound amazing, but it completely depends on your financial situation. 

Depending on your estimate of the ARV and the ability to raise the rent on the 1BR, this looks like a "lendable" deal, IMO.