From what I gather he is trying to control the market growth and enforce rent control.

Asking Price: $575kIncome:Gross Rent: $8000 (fully occupied)Laundry Income: $175P&I: $3225.53Vacancy: $817.50 (10%)CapEx: $408.75 (5%)Repairs: $817.50 (10%)Management: $800 (10%)Taxes: $416.67Garbage: $90Water/Sewer: $80Insurance: $672 (Replacement cost valued at about 900k)Misc: $355 (Pest Control/Lawn)This obviously doesn't make sense at asking, 6.6% ROI, ~$500 cashflow.

Everyone is an investor but they lack the tenacity and finesse to take control of the conversation and get the attention of the seller so that you stick out, are someone they can trust and can create a win/ win solution for their problem. oh and always be in the constant state of “ getting back with the seller “ as though you have talked to them prior to this call.

We just say, that's what the company does, we can't control it...they do not know the company that owns the company that owns the property is me...bwahahahah...and I am not lying, I am strict! 

Something to keep in mind with STR, that's tied to why REI is a smart game to play - control is the name of the game.You want to control the guests and rates (vet them in hopes of avoiding property damage, set rates to attract those willing to pay more for quality)You want to control the costs (furnishings, consumables, cleaning/repair/plumbing/electrical)You want to control the property (choice of property, location, financing terms, well or city water, septic or city sewer, etc)This is all going to be very hard to do, if not impossible, if you don't OWN THE PROPERTY. 

If you can't keep control your finances, you are highly unlikely to succeed in real estate investing.

Tenants in our single family homes pay for yard debris removal unless they choose to hire a landscaping company to remove it as part of their service, or haul it to disposal sites themselves.Note, in our city and county the garbage/recycle/yard debris collection trucks use a device that attaches to the bins and hydraulically lifts them from the street or alley and dumps them into the truck.

One tenant has lived there for 13 years & disabled with assistive devices in place, so most likely won't move out.In a C class area. 

The four elements of CPTED are: natural surveillance and visibility; lighting; territorial reinforcement and space delineation, and natural access control.

This intrigues me because timing is important in real estate and sometimes it's out of our control.