I tried to buy it two plus years ago and would have torn it down and combined it with the 9 unit and 4 unit lots to make one large 21 unit building! 

That's pretty rare that it would come in under the current price, normally like Jack said, they will give you some type of rent increase, even if it's not the full amount you requested.But it's a completely different existential debate about Section 8 and whether they're really that much more high risk than traditional cash tenants.  

If you have any pros and cons on flipping and/or brrrr that are perhaps rarely talked about or any other variables that should be taken into consideration, I’d love to hear it!

This likely would come close to the cost of a ground up 3/2 ADU addition which is rare.  

Both rules exist but are rarely, if ever, enforced.

Also could combine horse boarding as I have room for several horses as well.

Sadly, in spite of quite a few comments on this forum, many are clueless with regard to understanding or evaluating the numbers; and rarely take the time to look at monthly financial reports beyond what their Net Rental payment is.

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

But then you combine this with a growth market and Bang!

We have the rare guest that breaks into the pool equipment room and tampers with the pool heater to raise the temperature.