If someone is trying to force the numbers in the analysis, executing on shallow assumptions, or not do due diligence in building one's "Team", problems may arise more frequently.  

James Kojo[] Previous 24 monthly operating statements [] Current rent-roll [] Tenant Ledgers for past 12 months. [] Copies of all resident lease agreements and applications [] 2 most recent months of all utility bills for common area and currently vacant units. [] Copies of all existing service contracts and agreements. [] construction and other warranties still in effect; [] Insurance loss runs for the previous 5 years [] Most recent survey of the property [] Any environmental reports and description of any environmental remediation. [] all licenses and permits or certificates of occupancy or other documents indicating compliance with any applicable governmental requirements. [] As-built building plans [] Copy of each floor plan. [] Copy of property brochure. [] List of all property phone numbers (including general office line, fax, modem, internet connection, maintenance, security, etc.) [] List of all websites, domain names, social media accounts, or any other means of advertising or marketing associated with the property in whole or in part, whether transferrable or not. [] List of all trade names or intellectual property associated with the Property. [] Staff listing

Perhaps i need to look past the inability to execute on my original plan and simply execute!

Since then I've taken an interest in the BRRRR content and have been trying to research what goes into executing on a BRRRR deal, although all of the steps are pretty hard to wrap my head around.

However, you market and time correctly, I don't see this being an issue.Market to: nurse staffing agencies specifically (as they often have to relay nurses to long term hotels for housing due to lack of options), hospitals in the area (hang info on staff break room boards), and RN travel websites.

We are vertically integrated and do interior construction completely in-house.Yes, I agree, there are probably not a lot of expenses to cut usually, unless there is excessive staff in place, maintenance not being done right the first time, but what about utility costs, or changing who is paying the utilities, depending on what the market can support. 

For example, a investors with excess means and simply looking for a hobby interest may seek target properties much differently than a upstart, young executive millennial seeking their first passive income investment properties. 

Also, the banks don't accept "options to purchase", they execute purchase contracts along with their addendum which supersedes all locally used contracts, so that's an irrelevant idea.

I like President, CEO, Chief Executive Officer, Chief Operating Officer.  

“Recordation of Quitclaim Deed and Mortgage; Conditions”, the following statement appears: “Upon: (i) Buyer’s payment of the Down Payment and the Delinquent Assessment in full, (ii) Buyer’s execution and delivery of the Note and the Mortgage to Seller, and (iii) Buyer’s timely payment of all Probationary Payments, Seller shall record in the County in which the Property is located a Quitclaim Deed to the Property, transferring to Buyer record title to the Property, and shall simultaneously record the Mortgage.”The first payment for this land contract was due September 1, 2011, and the borrower has made timely payments exceeding the 24-month probationary period.