I will agree with Juul  but not the other examples the banks did not create the mortgage mess as you state is was the secondary market that dictated what paper they would buy.. banks and mortgage brokers just worked with the play book they were given. 

We have a property that a number of months ago we had a plumber that had to clean out the sewage drain lines and he took a video and pictures and the line was plugged with what looked to be industrial strength shop wipes/paper towels, tampons, rags,  ect…We got contacted by the property manager that the line was stopped up again.

So, you should be looking to understand the labor and material costs.Material is usually easier:Anyone you hire will need: drywall patching materials, sanding blocks & paper, primer, paint and the corresponding paint rollers and brushes.Labor may depend on level of skill:How long will it take to prep, patch, sand, prime and paint?

Literally everything I do is in-person and on paper, i.e. my Application, Lease, Move-in Form, Move-Out Form, etc.

And to go for appreciation if you're going to look out of state, meaning don't buy cheap Class C properties OOS for the "cash flow on paper".

Finally a LTR furnished is often furniture only, no furnishings, no dishes, no linens or towels, while a MTR would most often include the same furnishing as a STR.  

Quote from @Lolo Druff: Lots of things look good on paper.

Meanwhile, my investors that bought a property from a REIT had a 60% paper loss from just purchasing the property. 

I opted for YouTube instead of paper

. - Banks only stay in business by seriously mitigating risk, especially in the world of commercial loans where they may hold all of the paper.