The STR space is an awesome facet of real estate.

Assessing the seller's professionalism and sophistication is critical in deciding the level of detail required in this procedure.

He said contacting the lender is critical because the sale can only go through if they permit it  And they may have additional fees. 

It's possible to anticipate paying between $1,500 and $3,000 annually for each unit, but to fully grasp the range of expenses, it's critical to obtain estimates from several insurance providers.If you intend to keep one unit unoccupied for guests, a triplex could be a more practical and affordable choice.

Looking forward to any information, criticism, and ideas from you all.

@Jaekwan LeeThe rent-to-price ratio and expense ratio are critical factors in property evaluation.

I would even say negotiating because they actually often don't know what amount is involved or how critical.

So while we dont like to say you can time the market in Detroit timing it was / is critical..

Understanding your local competition is critical to success and will allow you to accurately price and furnish your MTR.

I think that a lot of experienced investors in this thread have brought up important points that are critical to deciding whether this will be a good opportunity.