I would add that any concrete work should be done before December otherwise you might not get a window until March (dramatic, but definitely much harder to get concrete guys working in the winter since they usually have seasonal layoffs). 

Securities attornies have a dramatically higher fee structure.  

Please let me know one thing that you wish you had known prior to starting your own STR that would have changed your growth process dramatically.

Let's say you end up getting a terrible mayor or governor in your region, it can make the current financial picture, laws and economic outlook change dramatically.

Both parties are expected to be knowledgeable in their "business" and all laws that apply.From the Agent side, the differences are dramatic in every respect.

Seems like you could dramatically increase your net profits when selling properties with no capital gains tax. “...South Dakota has no income tax, no inheritance tax and no capital gains tax.”https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

I still use a two tone paint scheme in my nicer units in Berwyn, but in tougher areas using the same paint on the doors, trim, walls and ceiling can dramatically decrease your costs long term. 

Now paying your mortgage off faster will dramatically decrease total interest paid.

Look at it this way- the cap rates of large multifamily buildings in NYC are not dramatically higher than the theoretical cap rate of an owner-occupied single apartment(were one to rent out that apartment) in a similar neighborhood. 

What if someone lives in an area that simply won't cash flow, is in a location that doesn't fit their investment goals, that they can't afford to invest in, or an area that has legislative changes that will dramatically effect how that property is managed?