They are far too labour intensive and time consuming to hold for what is basically low returns per door.

Fortunately, I worked in consumer credit for a while and could help if it came to that.Talking about selling to people you know, coincidentally, one of the buyers was a local doctor he knew, located 2 blocks away, that wants to buy it to relocate his office.

Reduce consumer debt, increase your income, and buy fantastic deals that cash flow.

And it is time consuming.

Do not let him try to get you to look at fewer units so he can hide what needs to be done. 

I have a master's degree in organizational psychology with specialization in consumer psychology.

If all you ever want is cashflow, then owning fewer properties with less debt (also known as leveraged) will be ideal. 

Also check for any complaints with the BBB or the licensing board.Check references and never give them any money until all the documents are received and checked out.Hiring a contractor is serious business and, at least in California, there are protections available to the consumer.

STRs just offer consumers and property owners too much advantages. 

There very fewer matching up to some parameters I'd like to work within.