How much you will set aside each month to cover big ticket items like HVAC systems, roofs, and kitchen / bath upgrades.4) Profit expectation.5) Debt service, if you plan to borrow some or all of the purchase and fix up costs.A few rules of thumb:1) A smaller property (under 50 units) that doesn't meet the 1% rarely cash flows positively. 

Most or all of the rent on these properties is guaranteed and shows up like clockwork every month. 

Seller doesn't care if buyer has a loan or all cash- seller wants the money fast, full price, efficient with little expenses to seller.

The other option is buy a SMF property and rent one unit, or all of them out as MTRs to net more money.

What one investor may consider an inadequate return might be good for you, and vice versa.  

Not drowning but the fear of starting without having my car paid off or all my ccs paid off 2.Capital potentially losing my “cushion” and having to worry about how to pay my bills3. credit.

At that point, some or all of your accumulated losses may be deductible in that year. 

do you own properties in any or all of these markets?

You're not paying booking fees, lodging taxes, credit card fees, utilities, landscaping, marketing, or all the other expenses associated with STR. 

Don't let them use the SD for part or all of the lease break fee.