LTR is stable, slow, and risk is low but potentially not as much cash (right away).Comes down to what goals you have and your risk threshhold - I have friends in CO springs who do STR and MTR, and works out great - but also have folks who LTR in that area and it pays for them self and it a great way to save money in places like taxes and build equity.  

Quote from @Mary Jo Carruthers: I have seen houses where folks did it anyways without the permit but that is really value destroying as it will make it very unlikely to sell for top dollar with that layout. 

Some folks are happy with 5-8% profit margin and others don't look at much under 20%.It is all going to be up to you where you are most comfortable. 

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

Just look at what they are doing in CA they are ripping vines out left and right.. younger folks dont drink wine like us boomers. 

There are a few folks out there encouraging some seasoning. 

I’m Arizona licensed and while I’m not an attorney or CPA, I’ve got a pretty wide network of investor-savvy agents and property mangrs who I trust.. folks who actually roll up their sleeves and dive into the trenches.The right guidance can help you identify stable neighborhoods in Austin where job growth still hums along nicely, or link you up to off-market multifamily properties in San Antonio that don’t get splashed across public listings.

If the information is out of date is there a follow-up book you folks can recommend so I can make up for the gap of this original version?

I have worked my entire career in construction and last 2 years performing entitlements, permitting, and construction for industrial developments along the Wasatch.

so they put up 10% of the cash going in get no fee's when you close get 5% during the hold and then 20% of the profit at the end.. .do you find it hard to find quality folks that will work under those splits etc.. ??