As illustrated in the diagram above, the investment city determines crucial factors: rents outpacing inflation, acquiring multiple properties with minimal capital, and the longevity of your rental income.

Make sure to check zoning laws and permit requirements in your area, and maybe connect with local contractors through referrals to get multiple quotes.

If you have had multiple people on, then the bar is set.

Because of that, I don't believe it's necessarily accurate to paint a market picture based on inventory levels aloneIn most circumstances, these lots are still moving if priced correctly, and I can back that up as I've sold multiple of them over the past few months.

I have had travel nurses, medical students, and military members stay for multiple months in some of my STRs. 

While rent rates do increase, so do the potential headaches of managing multiple tenants.For example, here in Bryan and College Station, TX, you can get an extra 10% by renting out rooms individually.

Or is it enough to give the buyer/vendee multiple notices, terminating with, "If the defect is not cured by XXXX date, the contract will be considered terminated"?

If you have multiple properties, move the locks from one to other during turnovers.

@Chris Watkins and I also teach a "New Investor Series", our third class for how to scale up to multiple properties is in November.

They’re likely filling out multiple forms like this, and if yours is cumbersome, they’ll move on.