The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.  

It’s s about knowing how to position yourself in markets where demand remains resilient, even when global STR margins are tightening.So yes, I completely agree that the game has changed, but for those willing to tackle the hard stuff in overlooked international markets with large American populations, the opportunity to combine cash flow with long-term appreciation is very much alive.

Invelo is more of an all in one solution to finding, managing and moving off market sellers through the sales process with an emphasis on education and community.

As such, we need to place an emphasis on preserving the current stock of affordable housing that is already on the market.

When you work at a large corporation (national or global) you learn a lot in your role, but also by osmosis, just by observing other people and seeing how projects are developed, business is done etc.

I'm wondering if you think it's attainable today considering your emphasis on "a really good market"?

I really appreciate the emphasis on simplicity and clarity—especially the advice about keeping non-operating expenses separate from NOI.

They may not be smoking inside.From the OP's post (emphasis mine):Thank you all for your feedback.

You mentioned the following: "Take a look at what markets you are planning on starting in and make sure it is a growing market where the appreciation is obvious (emphasis added)."

Your emphasis on efficient housing strikes the right tone for me, as that is what I definitely envision for my house project.