I know these forums tend to be anti-mentorship, but I was hoping someone who has gone through a mentorship for STRs, even this particular one, could reach out and let me know if it's worth the success they've seen so far.  

High Cash on Cash tend to be lower IRR deals, because they tend to appreciate more slowly on average.Lessons learned: your two biggest cash outflows will come from Capex and bad tenants.  

Reverse exchanges tend to be much more expensive than traditional 1031 exchange. 

When looking at discounting properties to find a deal, I tend to lean into what the seller is looking for when I know I'm holding. 

Don't spend a lot on improvements as they tend to get damaged with every tenant.  

. ~80% tended to be transient and moved on by there choice or ours. ~20% were decent and "stuck". 

On the other side, the bigger companies have more experience and their numbers tend to be more accurate (not always)... as they are big companies "their costumer service" and communication is better but at the same time they "have more mouths to feed" if we need to be honest so can get a bunch of ok or good deals but I kinda doubt they will be great (just my personal candid opinion).

Others noted that the appreciation play could make it worth keeping, I tend to look more heavily on appreciation since real estate investing is more of a long term game.

You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.

I prefer graduate students whenever possible because they don't have time for partying, are of legal age anyway, and generally tend to be by themselves or with a partner so it's more like renting to a couple.