One can easily see there's more risk to the LL than the arbitrager would like to admit.It does seem to be working for you, but you also started right at the STR boom, kinda like someone buying a stock a tech stock in late 90's/early 2k's and telling everyone how easy it is.

in the Eugene market if its in decent shape 500k could easily be the value yes.

Repeat this process and you can easily build up a portfolio. 

It seems this is very complex and not for novice and someone without a deep understanding can get taken advantage of easily.

I've created a VA POD so that I can easily scale from 1 to many with a pool of Top Gun VA's - call center, set appointments, cold call, project coordination, social media, SOP development,  etc. 

One model I’m seeing investors doing is the rent by the room strategy / padsplit.IF done right, you can turn a single family home to function like a multiplex - increasing the cash flow by double, even triple oftentimes.Has to be the right property of course / layout / characteristics to minimize drama and conflict between roommates / tenants since it’s a longer stay than STR and spaces are shared but with the right set up and systems in place in can be extremely effective and super profitable.You can easily switch from STR to MTR since it’s already furnished and just make a few tweaks.I can definitely help you put some ideas together or connect you with some investors I know doing it in Jacksonville FL. 

He said he is willing to get creative with the structure.Asking Price is $1.5M, current gross income is $80k which he claims he could "easily" get it to $100k, but he likes sticking with his long term tenants.

Our property rules are in alphabetical order so a tenant can easily reference them, hopefully before doing something they shouldn't be doing.

With a bit of decor and management savvy you can easily be in the top quarter or even 10% without needing to build a waterpark in your backyard and bring in influencers for your photos. 

I would not allow tenant to do this as they could easily contaminate the petri dishes.