I spent alot of time in my head which started to negatively influence my business.

Larger complexes are a long term game, there will be less market influences with larger units, SFDs in mature neighborhoods may have external obsolescence, functionality issues that a large complex may not suffer over 40 years, you may have more stability but a larger complex is what it is too.  

Just want to say you are very smart.So if we want to understand this fact is that, when we say inflation, in reality the number of money is increasing in circulation, and most of them always going to either stock or real estate, since real estate supply is stagnant, eventually price drives up.The Fed may want to influence the reverse way by burning the money, they did burnt the money, but housing supply is even lower than number of gold in circulation where price can't be manipulated easily.This is generational issue and nothing new.The more inflation would be, the higher real estate price would be and the empty middle like you said.Newbuilder come with solution, by making new house 500 sqft smaller than pre pandemic house.Which means, older house is always better and bigger in term of money worthiness LOL

If left to the buyer they are more influenced by price then quality since they won't own the home.

Specifically, I am looking to learn more about factors that influence the discount rates that note buyers pay for notes and how they arrive at that discount.

@Christopher Winkler This is why i only invest where I know, not all of WI is like the South East Corner, but, there are niches to avoid, I find it very difficult to invest just based on FMV/purchase price analysis, its a good starting point, but no mater how good you due diligence is, there is no substitute for driving past your self and seeing the site influences, or having lunch at the local diner and chatting with locals.

I would rather my tenants don't get high and burn the house down because they don't make good decisions while under the influence of mind altering drugs.

As a result, I've decided to start my own STR management company, and I'm interested in hearing from other investors about what they value most in a management company.If you've worked with a management company in the past, what were the most important factors that influenced your decision to partner with them?

I would particularly value insights on:Good Opportunities and Bad Opportunities Based On:The influence of the seller's equity on the deal's termsDown payment.Interest rate.Amortization.Balloon payment.Thank you in advance.

Its one thing to tell your sphere of influence "hey, I'm in Real Estate"... its another thing to be part of a team and instantly be able to tell your sphere "hey, we're selling a property on Main St. and are hosting an open house Saturday, who do you know that I can reach out to invite?"