When I started, I wanted to leave my small business to pursue multifamily full time, and I did not have the time to fix and flip or buy a few single families scattered around.Those factors led me to start with multifamily.

Other factors to consider are what you plans are for the future (value add rehab, restructuring, selling the property soon, etc) and whether or not there are any events on your personal horizon that may impact your ability to refi later. 

All of the factors will keep you from cash flowing.

Examples are as follows:5-4-3-2-1 (Stepdown in %)Flat 55555 (5% for all 5 years or 3 years (5-5-5)6 months of interest pmts on 80% of the loan balance (hybrid penalty)your PPP choice directly impacts your rate and DSCR so be sure to weigh out these factors altogether. 

I would argue that the MOST IMPORTANT factor for success will be a boots on the ground team that knows the STR market in and out.

Of course, many other factors have to line up to be a good deal.OTOH, if $2.5 million is 100% of the cash into the deal, 75% of the equity is much too little.  

With most furnished properties renting for more than $2,500, MTR seems to be a way to significantly increase cash flow.WeaknessesEnsuring that the property is continuously occupied will largely depend on factors such as the unit, its location, furnishings, and related marketing materials.

If I factor in the cost of furnishings and initial repairs CoC is closer to 30%, although may be lower than that. 

From my experience, these factors are the secret sauce for a long-term growth investor.My family absolutely loves the city, and we are fortunate to call it home.

No General Contractor wants to do a remodel with the residents still living there....they will charge you more (they probably will not show it, but the prices will be higher because of the huge PITA factor and increased liability)I would wait until you have completely moved out and then just give them the house empty and ready to roll.....But you can get a Scope Of Work going and start getting bids...even plans and permits if you're going that far...