Is this structure standard, though, in terms of capping investor returns at 12%?  

Since posting your listing on multiple platforms had no downside for such a long time, this "post your listing on every platform because why not" became a standard of how to run your STR.

Then trim into standard small lengths. 

If you can’t quantify risk and don’t understand the mechanics of “weighted” average of expected return and range of returns (standard deviation) then you are at a severe disadvantage and should consider a competent investment / financial manager for your investment capital.  

@Karl Kauper with a SF you can require the tenant to take care of lawn and snow, but they might not be up to your standards. 

That's pretty industry standard. 

So thats kind of the standard operating procedures in those markets and nothing really sells for full list price..

We typically estimate standard costs for these items but get them done much cheaper with our own crew.

You'll have your standard recording fees and mortgage tax, etc. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?