Also, I encountered the distinction between SFRs and apartments/condos and I am glad you mentioned that they impact the markets differently. 

I only took two economics classes in college but I distinctly remember learning that supply was a driver of price. 

The business model seems to be buy more to build a portfolio and know going in that you will get wiped on a percentage of them.I don't claim to be an expert, but it seems to me that this distinction is an important one and this second sort is the type that I think most (rightfully so IMO) would advise caution against.

In Virginia, where the OP is, I believe they will get paid.The distinction has to do with how a judgement lien attaches.  

Property taxes are distinct from income taxes, though, and can constitute a lien, even if no lien has been filed, yet. 

Have a clear distinction of tasks.

However, it's crucial to scrutinize the figures and consider factors like market trends, competition, and potential fluctuations in daily rates and occupancy.Given the absence of comparable data on AirDNA and the distinctive nature of this building, assessing the deal might be a bit challenging.

I made a CLEAR distinction how JUST the city of Detroit being 1/10th of the ENTIRE Twin Cities market, Detroit had MORE sale and rental listings than a market 10X it's size.

There are four distinct neighborhoods, Old London, New London, Old Yorkshire, New Yorkshire.

That just how businesses are run: as distinct, separate entities.As a business person, you need to get rid of the consumer "cut corners to avoid spending" mindset and embrace the entrepreneur's "cost of doing business" mindset.