A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

But the biggest thing to remember is that there is no penalty (other than the exchange fee) for starting and not completing an exchange. 

Our biggest cost, other than your given things like property taxes..... is going to be snow plowing, but that's only a few months a year.

To clarify, the biggest distinction between a second home and a rental is the 10% down?

The downside of an Airbnb Brrr, from what I have seen, is that you cannot use the income from the property on your DTI.

A downside is it's further away.

Just the age of the properties is a downside and I need to understand the tenant demand and mix better. 

These contracts run from 3 - 5 years; is there a downside to skipping recording until deed is ready to go to the borrower, as long as I'm staying on top of taxes?

I like Columbus Ohio because I see it being one of the biggest metropolitan cities in the next 10-20 years, all signs are pointing here!

This is one of the biggest cruxs of investors, the fear of missing out or just  putting something on the table versus getting something really good.