Lots of demand from grandma and grandpa who want a place that can fit kids /w spouses + grandkids, or multiple families that want to stay together. 

@Lawrence Potts knows the area well and can speak to the availability of properties and what kind of strategy might best fit your skillset and goals.

There is no worksheet out there that will tell you whether investment A will be better than Investment B without factoring in risk.Sponsors can inflate the 'projections' to however, they see fit. 

There will be pros & cons with low-down payment programs (FHA, 5% down conventional, NACA) so you just want to pick the best fit for you.

Do not be scared to politely but firmly renegotiate with these established guests to terms that fit your business plan: raise price to where you cover expenses and require that they either rent from Dec 1 or from Jan 2.

There's a number of people that teach/coach how to start and run a STR company...Tony and Sara RobinsonMicheal Sjogren Rob AbasoloMicheal ElefanteAnd others depending on what fits your goals. 

If it is a good fit for both of us, then we can always extend during their stay. 

This personally doesn't fit my investment objectives but since your not me, that's not all that meaningful;).

.- Location Focus: for multi-family in DFW, as the supply is low you will need to look what fits the best for you.

How is the fitness center?