I wholeheartedly agree with the sentiment that there is too much irrational optimism right now.

@Carlin A Guarneri Yeah I share your sentiment I don't want my tenants watched, and besides she knew what was there prior to move in.

Hi everyone, I have a house that I'm converting from a LTR to a STR - the carpet upstairs (where all 4 bedrooms reside) was replaced earlier this year (so it's almost new) but I'm wondering what your sentiment and experience has been with carpeting in STRs? 

It sounds like overall sentiment is to house hack with either a condo/townhouse/SFH (duplexes are unfortunately hard to find), so long as overall property generates healthy cash flow after I leave -Will keep searching for one that's a good fit for me and the numbers. 

@Logan Allec  I have struggled with that sentiment you mentioned since I first jumped into financing turn key or fix and flip for rental purpose properties back in 2002.there really is NOT enough local investors in most of those turn key markets to buy up all the inventory at least up until a year or so ago.. inventory is finally balancing the other way in some markets.really is market specific..

But I don’t have enough direct insight into their operations  to say conclusively.Lastly, I don’t think city loving people are going to run off en mass from prime cities and into the burbs (although sentiment in NYC may differ as it was hit hard with corona).  

I'm just wondering if the sentiment of it possibly coming back to life is more wide spread than preppers and other small pockets of folks.

Additionally, and almost more importantly, you need to know your lender's DSCR, since many commercial loans are limited by DSCR, not LTV (although an 11% cap rate is much higher than typical).You have no reserves built into cash needs assumptions, which sounds risky to me, but I don't know the property or market.Generally, my sentiment is the lower the rent, the more frequent and higher cost each turnover is.  

@Darrin Carey  Thanks for confirming my sentiments. 

It is like she just joined BP to ask that one question, intentionally to stoke the anti-Morris sentiment here.