Heck even culinarily the restaurants that are popping up are impressive (which I take as a great sign of the people and businesses that it's attracting). 

Courtesy of the video, criteria to consider include Deal Type, Management Plan, Business Plan, Financing, Asset Class, Ownership Structure, Property Class, Location, Purchase Price, Rehab Costs, Risk Target, and ROE Targets.

Over the past 15+ years in this business, i have seen the good, the bad, and the ugly. 

It will be extended, we'll see a reduction in regulations that hamper small businesses, and we'll see new regulations that help small businesses.

I still have a hard time understanding how this business model works for them, but perhaps that upfront fee covers for lack of deal flow (?) 

If it’s multifamily, I’ve been in the business for 20 years and can share some insights.

My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.

Vacancy is a normal part of the business.

The downside will have more to do with your business personality.

Is the mid term rental business that you have a 'rental arbitrage' business?