I have a couple agents that help me with comps or submitting offers on REOs occasionally, but that's about it.

At 500+ square feet, separate bedroom and living area, full size kitchen, automated processes and an electronic guest/resident communication, office only open during regular business hours, much smaller staff, and long average length of stay, it's unlike extended stay hotels which have much smaller rooms, no or limited separate bedroom, no full size kitchen, open 24/7, bloated staff, much lower length of stay, and high opex ratio (which is a big distinction). 

I find I can do well enough in real estate with old-fashioned on-market deals, or the occasional pocket listing from an agent, without having to deal with the properties or places that are experiencing turbulent personal problems. 

Prices in the STR zone are bloated and would produce a 6-8 cap after mortgage and PM fees.

And they will occasionally do a "grab back" if for some reason the tenant's funds can't transfer to them. 

Once it’s rented though, there’s an occasional repair but not much to do normally. 

We have clients doing larger projects throughout the year with trusted GC's in our network and I don't have a problem following up occasionally to ensure that the work is quality and getting done in a timely manner.

Brick is always a plus, though they do occasionally require a tuck-point (I mean occasionally you get a brick that needs it, not that you need to do it on all of them occasionally).

I'm not saying there are nuggets on their occasionally, but I'd rather buy direct!

Hi, I occasionally have some RE scenarios come up and have always found these forums to be a wealth of information and full of individuals willings to lend their expertise and opinions.