We do like the area, like our neighbors, just have the much smaller model home on the street. 

You can't apply the North American multifamily investing model there, as you can't refinance like you do in the US or Canada. 

Maybe you can adjust that model as you see fit...get rid of receptionist. 

I know this is a slightly different model, but I own a property that I leased to a tenant doing STR arbitrage. 

You need to look at your market and look at what the comps with same style pool are getting in that market compares to those without.

.- 3% rent growth and 3% HPA is being modeled in most markets.- Most current rates are in the 7-7.75% range.- Competitive pressure to deploy capital compressing dropping of rates. - Buyers are underwriting portfolios to as-is rents.- Machine learning models are helping to reduce risks.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

If you do collaborate with investors, I would be interested in learning more about your investment model and the specific mechanics of how you structure those partnerships.As a new investor, I am open to exploring investment opportunities and potentially partnering with experienced professionals like yourself.

Puyallup is notorious for being in the Mt.Rainer lahar zone and with insurance companies adjusting their models for climate risk i wouldn't put it past them jack up premiums in the area.

Plus, you want your lease agreement to fit your business model, help you to reduce costs, provide for compensation from the tenant for administrative burdens imposed on you by tenant acts or omissions, provide for procedures tenant need to take for maintenance and other tenancy issues, etc.

But it got me curious, so I asked them what make/model they were going to install, and how many man-hours it would take?