They should have clearly communicated to you what work required permits and that they could get those or not but the choice would be yours and that you would bear the cost implications either way.

While i'm happy, and relieved, I don't want to take my foot off-the-gas, and ensure i'm positioning myself for consistent stays.

It works well to have more consistent income, even if it is lower than STR rates sometimes.

They prefer a consistent return based on a 20-30 year triple net lease with income jumps every 5 years.Yes, for investors who want RE speculation with little to no current tax sheltered cash flow your model would be preferred.On the other hand , a safer passive investment approach emphasizing cash flow and cost segregation tax saving benefits that don t fluctuate, makes investors happy by getting a 100% ROI after 3 years.

Also, building strong relationships with your investors and maintaining open communication is key to establishing trust.Your deal structure looks promising, and with your background, I'm sure you'll do well in this new venture.

These would be the tenants that are storing their junk in publicly visible areas, consistent slow payers, or potentially even the tenants that will never be able to afford your proforma rents.  

If allowable, I think the next steps would be to communicate with the zoning jurisdiction, or city council for the next steps.

However, I have reached out to and interviewed several PMs, and there seems to be a big communication issue - a large number of them are unresponsive, replying w/ pertinent info days after they said they would -  if at all. 

Bonus points if it also is great for maintenance requests and managing current tenant communications.

It seems like property owners are adapting to changing market conditions and perhaps seeking more stable, consistent income streams.I wanted to reach out to the BiggerPockets community to see if anyone else is noticing similar shifts in their local markets.