It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

I currently operate a few STRs so have a good understanding of that aspect although they're all located in touristy locations.

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Since companies have a limited lifespan (10–18 years on average), cities must attract new businesses to maintain job opportunities.Factors Companies Consider:Low Operating Costs: States with lower property taxes and insurance costs.Low Crime Rates: High-crime cities deter businesses and tenants alike.Natural Disaster Risks: Avoid areas prone to disasters, as recovery can take years, impacting your rental income.City Size and InfrastructureFocus on cities with metro populations over 1 million.

You need to know what to look for, what to address, and have solid buisiness acumen to run a MF operation of that magnitude.

Do you have a 501c3 that you operate under (and rent the house from yourself), or do you purchase homes with an LLC or personal name, and run as a regular business? 

I have always dreamed of owning and operating multifamily rental properties ever since I was a little kid.My mom has been in realestate ever since I could remember, everything from being a realtor, fix and flips, buy and holds, and long term rentals.

They just plug you into the conveyor belt of webinars and canned training that doesn't take them any time to create, but also isn't tailored to your specific situation. 

It's easier to scale with multifamily properties due to income potential and operations.

The folks on BP are a great resource as is all the training and tools.