I've had a bunch of sales calls in November with owners wanting to transition their STR to a furnished LTR because the STRs were not performing as well as they expected, or in some cases, not covering the mortgages.  

If there are several inspections most buyers will go off the inspections already performed.

In the words of the IRS, "The term trade or business generally includes any activity carried on for the production of income from selling goods or performing services."

What if they fail to perform? 

I'm not sure if there are still neighborhood pockets where you can cash flow well anymore...but in general, investing in sun belt line where population and economy is growing performs better than Midwest.FYI, the example above are for the "livable class A rental" - not the typical rentals I buy.

Our team performs the repair (we are usually lower than other vendors) 2.

Easy to see why REI Nation is such a success as a company and has the track record of excellent performance for your clients.

This gives you a nice boost in search performance!

In hind site I would have performed underwriting for a tear down and compared the two but suspect I would have gone with same decision because my underwriting on rehab was so off.  

However, many would argue that location has a direct bearing on the ability of an asset to perform.