I've syndicated multifamily offerings myself, and I have deep seated opinions in underwriting and asset management.There's one thing I seems to be consistent across the industry that I vehemently disagree with, and that's the expense escalator(YOY increases) for insurance.I STILL see people underwriting for 3% YOY insurance increases.

.- Almost impossible to get any kind of unit damage paid for beyond what you have in a security deposit The rest of your statements about the homes needing a ton of work, contractors costing the same, and dealing with properties that are very tough to force appreciate are spot on.I personally do not invest in Section 8 housing anymore because they are normally cash flow purchases.  

As in any industry, there's opportunities with rental arbitrage, but you'll just need to spend time with deal finding.

Your spot on though with what we are looking for.

It's mad dope yo. mid west rust belt areas have been the hot spot since I started BRRRR lending in 2002 in Detroit.. nothing has changed..

Assuming you're contracting it out make sure you get multiple bids and I'd do the bare minimum inside or do that yourself (unless you're going to make it a hangout spot as a feature for guests - could also do this over time as you see increased cash flow).

They have a ton of great info to help you learn best practices, find vendors, learn different things and network with other people in the industry.

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

I am currently setting up and planning on scaling a property management business focused on serving industrial owners in the London/St.

I’m in a great spot financially and can’t wait to explore my options and dive in.