For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.

We are ok with no or even slight negative cashflow since it would be a strong equity position for us if we hold it. 

Zero or negative population growth is a bad sign too.

If you buy the single now your DTI will be negatively affected for future properties.

I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

To me that is negative cash-flow, because I include hard and soft expenses. 

Just remember: most negative reviews are written by problematic tenants.

I currently operate a few STRs so have a good understanding of that aspect although they're all located in touristy locations.

The fact that you had some negative reviews is certainly hurting you.So you have 4.46 stars and 12 reviews.

I will concur with negative comments above.