And you can provide a good value by charging a lot less than the big operators.

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

If the building cannot be salvaged,  a lender could still provide financing for land value less demo cost.

The operation of an STR has almost nothing to do with real estate and 100% to do with hospitality, that is where you can distinguish yourself from other operators, provided you made a good decision in your initial purchase. 

Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.

Spanning more than 8,000 square feet, this outlet will feature a large outdoor patio overlooking the Strip and a unique company store selling exclusive merchandise alongside your favorite burgers.

I worked with a company providing turn-key rentals.

Why would you pay down a 7% interest rate when you can utilize the extra payments towards actively investing in other opportunities that can provide a higher return, e.g. actively investing in real estate.

Here are my answers: - It is unlikely the $600K property will provide cashflow. 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.