So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away

I'd definitely recommend that first (Chad Carson is the author).

It's playing with plutonium.

This isn't analyzing deals, this is just playing a video game.

The STR part plays no part in the valuation like @Patricia Andriolo-Bull said.I agree that 20% is pretty fair, but you could self manage it once you get things in order.

Columbus is going to be more of an appreciation play and cash flow margins will be tighter in the beginning. 

Given how the housing authority does their rent price determination on individual units, and government ran programs are never beacons of efficient processes, it can go either way.Note, the examples I speak of only relate to C-Class and below areas.

That can play a big part when issuing terms. 

Money makes you happy only so often.But a good place to work keeps you happy every day you show up.Yes, 𝗺𝗼𝗻𝗲𝘆 plays a vital role.But 𝘸𝘩𝘦𝘳𝘦 you work?

I am also curious about when/how an attorney/legal involvement comes into play with this.