When I arrived, I had one interview lined up with a guy in his 70’s.

What they said ^^^^^I just called my Homeowner's Company (State Farm) and told them EXACTLY what I was going to do with the STR house(s).

LLC, S-Corp, etc), to file their BOI Reports by the end of the year to avoid being penalized up to $10,000 per entity. 

I would agree, on 8% being the norm, with several lenders falling in the 7's on occasion.

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

You have the "no debt, ever" people such as @Anthony Dooley and you have the "maximum leverage, always" people such as @Thomas S (I can't link him because he doesn't believe in colleagues ;)  ).

That all makes sense to me but it makes me wonder how can you be "financially free" or even just start building wealth if you are 100's of thousands of dollars in debt at all times.

Great replies here, and thank you for sharing examples of what you have or have not done as a private landlord.I do think there is a time and place to offer concessions, just not for people like you and me that are owning/managing portfolios smaller than an apartment complex with 100's of units.

Quote from @Jeff S.: Certified broker?

DM me if you're ever interested in property(s) within an hour of the Harrisburg area.