The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

Cash flow is definitely the biggest challenge; both in terms of finding properties to buy that cash flow with a loan on them and just company wide given interest rates and labor/material is up and, at least where I'm at in Jackson County, MO, taxes are way up too. 

Private equity firms seem to favor larger operations with scalable systems, while smaller mom-and-pop firms are often acquired by local players or regional operators looking to expand their footprint.If you’re looking for actionable intel, reaching out to brokers specializing in the sale of PM firms could provide useful leads.

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

Get out of your comfort zone.

Construction loans have a fair amount of fees involved.

These are professionals with additional training and a stricter code of ethics.

Cityplace charges flat fee of $60/m for LTR.