Work with a seasoned STR realtor or STR PM to give you more options of a win win deal

In the northeast having a second heat source in the rental saved  frozen pipes when the electric was out for days.

Just be sure it’s documented and consistently applied to avoid any Fair Housing pitfalls.Another option is to stick with strictly quantifiable criteria—credit score, income ratio, etc.

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

It’s a great option for those serious about scaling lead generation.

Sounds like I might need to follow Frank’s advice and consult an attorney, although that will definitely be the last option I pursue.

>Successful collection rate on LTR is not even 15%What is the source of this stat?

I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.

To your point, I still definitely believe investing out of state is a viable option.

There are some options at lower deductibles but trust me you will pay for it!