-The mention of syndication being less risky than HML...I'd suggest it is more risk, possibly much much more since you don't know whether you are good or bad at vetting the operator right now.

I ended up getting the listing as an agent, but only after I exhausted all possibilities of a cash sale to one of my best investors/partners.  

Cash flow is possible if you are flexible.

Does not need to be perfectly soundproof but if it as bad as you allude to then you need to deal with it as soon as possible.

You may possibly need the occupancy rate if it isn't already factored into the revenue estimate.If it's already factored in (assuming it likely is), next you'll need to factor the operating expenses so you can arrive at a net operating income.

As soon as possible after receiving a booking, I personally call the Guest and thank them for booking with us, ask if they have any questions and ask if there is anything that we can do in advance to prepare for their stay.Guess I'm just old school.....But then again, 11 years and only 5 STAR reviews......

I'm a broker in CA and that's just not possible, especially when you completed your due diligence in 10 and wanted to cancel escrow. 

What started off as primarily a second home with the possibility of short term leasing quickly flipped to a STR first and a second home when not rented because demand is so strong right now for STR's in this area. 

I’m just getting started and looking to soak up as much knowledge as possible—whether it’s about finding good deals, managing renovations, or understanding the financial side of things. 

@Jay FayzIt's possible to use an FHA loan with a 5% down payment, but keep in mind that the loan is intended for primary residences, and you'll need to live in the property for at least a year.