I think it’s way too easy to over estimate investment performance based on how well the pro’s do.

You will still have issues come up BUT the performance of the other properties overcomes those issues without them stressing you if you are managing them well. 6.

The pro of a feeder fund is if you trust your FF GP and they are well connected, they can be performing due diligence on multiple operators.  

if you're seeing something that is occupied and "just needs cosmetics"... you likely won't get the ARV boost that will make it worth buying. 

Local networking is a great boost!! 

If Subs pulled permits, and they are not complete, you will need the contact info for the subs used.5- Perform a photo documented site inspection, written detail of unfinished work directly covered by the language/scope of work description in your contract. 6- If permits are complete, signed of as FINAL, no further inspections required, then solicit an estimate from another contractor for the list of unfinished work.

To ensure your STR performs well, do your kitchen and bathrooms need to be fully renovated and updated?

I see a lot of recommendations for Buildium and overall it performs very well.

Hopefully will perform better. 

It's just reality...if we can't read a couple of books, listen to podcasts, or perform basic searches in advance and then ask better questions, there is no way in heck we are going to buy a property.