Either ranch or two story.  

Hi Kevin,Thanks for sharing your story.

All of my buildings are three stories.

@Edwing Hernandez Lots of unsupported claims...same story with Roofstock...nothing like getting on camera and claiming you have a magic formula but no evidence of what's in the potion....they want you to go on faith alone, I guess...

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

For anyone starting out in real estate, I hope my story gives you a sense of what to expect (the good and the bad!)

Especially after reading all the horror stories on BP of sponsors not really ready for prime time getting in trouble with cash calls or losing the investment entirely. 8.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

We have all heard horror stories of it happening and in these horror stories it is not the host’s fault.