That said, here are the actuals:Unit count: 13 offices (sizes range from 165sqft to 2,800 sqft - it's a local mom & pop type commercial building in an A-/ B+ town that's growing) Gross Rent: $20,801Expense Ratio: 50.7%NOI: $9,736 (year 1, after vacancy) ---Cash Flow: $2,536 / moCap Rate: 6.5%

You can cover the wire mesh with drywall patches (they tape on wall and across the wire, white/paintable, different sizes) as the wire mesh is what will prevent the rats from eating their way into the property (the covering material is cosmetic only).

Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.  

A proper vetting process - background, employment, credit, and reference checks - will weed out 99% of problem tenants. 

After 12 years in the furnished rental game, I'd say that is a pretty good sample size. 

These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.

My wife ordered a kid size pool table from China for our STR and they sent ear muffs.

.- I want to 1031 exchange again.Question:Does my next deal have to be larger than $5M (the overall deal size) or just larger than my share of the equity in that deal - meaning, if 200k was 20% ownership then it has to be more than $1M (20% of sales price)?

I would also look at employment/unemployment statistics, and get a good sense of who the biggest employers are in an area. 

It was the same price as the 1st property I bought except twice the size and two of everything.