I'm posting now to get a head start and hopefully connect with any agents who may be familiar with decent opportunities.

I have decent confidence in my underwriting.  

Especially in the "investor" areas, buyers are being more disciplined and we are able to pull some levers to get decent deals done for the buyer. 

Actually, I did attribute the coaching fees over 6 month period and thought it's fair for someone like me with no experience in STR at all to start off and have the resources, design, coach, mentor all under one roof to give it a good shot. 

We're likely in decent shape the next year or so, but in my mind, inflation will be key to watch. higher inflation will mean higher rates- may be good for property values if the overall economy stays strong, but inflation will likely raise interest rates. 

If you can figure out what the seller wants, you’ll have a better shot at creating a win-win deal.

if your loan is 154k  then this prop probably appraised for loan purposes at 200k or so. and that price point is usually in a decent area or street..

The biggest risk I see is one decent size hiccup and they could be toast.

As @Eli Konig mentioned above, going into RE right now without a lot of experience and without knowledge of a local market I think makes TK a decent beginning option.I've been in communication with REI and going through their process right now.

More likely that the document is correct, and the change to 12% was made recently. 12% seems to be middle of the road but still pretty decent, yet generally Baltimore city RE is a bit more risky than rest of MD .Lonnie Pickard