The low price tag is so tempting, but they just don't appreciate like SFHs, HOA and assessments are frustrating, and loan options are limited depending on the building's owner occupant vs renter population. 

Generally, we see this as a good option for high-income earners and low-risk investors 

I would assume this is not something someone would have a goal for as their living environment, but would have to settle for it due to their low income. 

The value and loan amount is too low for institutional lenders.

How do you stay profitable during off-peak times? Do you lower prices, offer promotions, or focus on longer-term bookings?

The reality is, it's often a rather easy low-stress pitch.

BRRRR is not a great strategy in most markets now because inventory to buy is low so you have to pay more which shrinks your mini-renovation to rent ratio due to rates as well.LLCs are of no use to you now at all unless you are going to run a business through it before investing in real estate for two years.

This approach helps you build equity while keeping living costs low.

Would you average the credit scores, or take the highest as long as the low one does not have anything alarming in the details? 

Enjoy low tax cashflow year over year5.