You will need to be ultra conservative on your numbers and have multiple exits.

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

I hadn’t thought about the risk of expanding my portfolio by having multiple properties over leveraged, although that seems to be a growth strategy that many use,  I’m not sure it’s one I’m comfortable with.  

Hey Jason and Rene, I have rezoned multiple properties in Denver and the surrounding cities.

Regarding experience, we have actually exited 5 deals for an average IRR of 23.5% and Avg Equity multiple of 2.63.

The more conservative, the lower projected return and vice versa.You will need to look at multiple deals that are targeting your strategy and asset class, before you will intuitively "know" whether something is in line or not.What is the most important factors when considering passive real estate opportunities?

I run multiple properties in B or C area and I maintain super host status every quarter.

Not all VA loans are owner-occupied as the VA gives you an allotment so you can have multiple properties with VA loans depending on what they clear you for.

Is this something you have done multiple times?

The rental had ratty furniture, a record player prominently featured in the marketing but it had no speakers, missing basics items in the kitchen, lots of drunks in the concrete hallways that reverberated right into the bedroom at 2am, a strong odor of urine outside, and more.We have super hosts in this forum that have hundreds of 5-star reviews and are masters of the craft, but I look at their rentals and see they don't have any artwork on the walls, decor is basic, they do nothing to make the guest feel welcome, etc.