People weren't renting properties as quickly, and there was an increase in vacancy.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

Many of these areas also benefit from both rising home values and increasing rents.Ultimately, successful investing comes down to selecting a growing market, a strong neighborhood, and building a reliable team to support you.

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.

All they see is a 10% increase on a weekend, or month over month, and they call it price gouging.  

Do the schools have increasing or decreasing student enrollment?

That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

It's also essential to factor in your financing costs and ensure your cash flow projections align with holding costs.

I think we have enough software in the STR world lolWhat if we made a guide to increase occupancy rates that centers around marketing, guest experience, and ways to stand out in saturated markets that isn't simply "buy more amenities"?