There is a reason we lenders require "skin in the game" and experience.

But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

I also agree with No. 2, and I've seen some of my STR clients welcomed by their neighbors after taking over a ramshackle place that wasn't cared for.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

But honestly I don't care how many courses you take you must have a local team or you will crash and burn.

My experience has been that purchase transactions where the buyer has no or little skin on the game have a default rate many times that of buyers who place a significant down payment into the deal.  

I'll be honest with you, in my experience, I have never seen a Investor care typically about the existing financing, or what was owed on the property.

Care to tip me?

The previous tenant was a slob and definitely didn't take care of the property.

They are also ensuring the staff is fully trained on how to disallow cost segregation for those that haven't been careful and conservative in their analysis.