It is an internal bar in the frame so it can't be repaired.

This provides an international/affluent tourist pool whom are extremely unlikely to disappear regardless of local economic conditions.

People don't read STR descriptions you see this alot with international properties where people expect US standards.

I don't like seeing a bunch of blue haired nerds running around crying about how evil their landlord's are for forcing them to pay their rent on time, but I don't want being a blue haired nerd to become a criminal offense.

Now, youre under the gun on a refi needed to finance another purchase and the loan you were counting on isnt - and never was - available to you because of an error that wasnt caught due to a lack on internal quality control.

If you need to ask yourself why to those things, you never understood those things never need to be explained internally and externally.

Information of the taxation treatment for foreign investors can be found herehttps://www.ato.gov.au/Individuals/International-t...4.

I'm a little confused--are 2 of your 3 properties MTR's that you rent to international students?

Longer lead times I get alot of intern inquiries which can be fine but income wise they aren't as strong a candidate.  

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.