I ran the numbers and looks like a good deal (7% cap rate, 5% ROI, and ROI will improve as the years go by).

Having a problem tenant and dealing with eviction could happen in any market.

up to 20% DSCR through lenders I deal with

Going still further, I ask for their social media handles to try to get a better handle on who I'm dealing with.

If not you will find it in the mailbox and can keep it until someone contacts you, or not.If folks change tenants and updated rental agreement are signed, we make it clear that we do not deal with divvying out the security deposit.

I lost money on that deal, but learned a ton. 

It's like the 70% rule, you can use it to narrow down 100 deals to 30 deals to dive deeper, but you need to know estimates per house..

With your background in lease management and site selection, that could be a natural next step.Regarding STRs, I can understand the hesitation—accurate expense tracking is critical, and not having that data can make evaluating deals frustrating.

@Brady BitterI’ve used a SBLOC to fund many of my deals.

Depends on the actual deal I have seen 85/15 rarely 90/10 but keep in mind your primary home will have a second lien on it typically if your LTV is over 75%.