Presently you have expectations from your tenant that are unrealistic.

I'm not guaranteeing I'll do one, as I want to protect my guys (and my reputation with them) from crazy jobs or unrealistic property owners.

 $1,000 - $2,000 in painting, cleaning, patching, or replacing is not unrealistic.  

Also true that everybody and their brother is jumping into STR, creating a glut and forcing us to price our units unrealistically low.

I guess what I'm getting at is the time span of it all, 3 properties in 1 year when you're a new college grad seems a bit unrealistic.

It might be very unrealistic though as Account Closed mentioned.I have ample cash to close, so my lender said that the only other things that can kill the deal are rehab costs being too high, ARV appraisal being too low, and rents not being high enough.

Property probably been on market for long period of time, and has an unrealistic asking price.Buyer.

Even if you find the right deal and secure the right funding, you might run into property management issues.Your investors (15-20% CoC) have unrealistic expectations.

Can get messy fast and create unrealistic expectations from residents since they know you.

If you're reading this and saying it's a terrible idea or completely unreasonable or unrealistic, please let me know why :) If you've done this before, please tell me about your experience!