Also, the medical infrastructure in Cleveland is booming and large hospital systems like the Cleveland Clinic and Metro are pouring billions of dollars into this area and creating tons of great jobs.

If lawns have to be replaced, then the entire freeway system and adjoining green areas would have to be replaced.

@Jagan ReddyThere is physical occupancy versus economic occupancy.

@Helen Rolls , yes, I remember that article about CapEx expenses and it made a big impression on me - I suppose what's "easy" about this purchase/CapEx is that everything needs to be replaced fairly soon (half of the heating system, roof, foundation work, and windows!). 

The opportunity for outsized profits versus LTR always exists, because it requires much more work in terms of marketing, maintenence, cleaning.

I know for a couple of my STRs the management company uses the keypad system whereby they are able to set codes offsite for each renter and this is super helpful when working correctly.

We needed $28k to close versus $84,750 (15%) or $113,000 (20%) for small multi family. 

If you try to claim that you own the property as the owner of the LLC who also personally owns the property the court can pierce the veil.All of this being said, the only time I've heard people running into this issue is with professional tenants who intentionally try to work the system.

Their systems were not setup to scale.3.

I'm looking into the available integrations through PMS software like Guesty, Hostfully, etc. that could help with things that the PMS does not offer.Which PMS systems do y'all use?