There wasn't enough support and I needed more at the time.

I appreciate any support. 

$500k at 4% is only $2400/mo so plenty left to pay for insurance/property tax and still be self supporting. 

Unfortunately the building I bought in does not support STR but I still think its a solid play as a regular long term rental.

You should definitely avoid doing anything that gives a hint of discrimination particularly during these times when the government is much more supportive of the tenant than the landlord.  

Good tenants are the result of:Targeting the right tenant poolSelecting the right propertyA skilled property managerHow do you determine the right tenant pool that will support your financial goals?

@Daniel Correia Thanks for the support!

I strongly believe the industry is changing and sellers expect to receive more support and options.

One more question...In the video I shared above, Anson Young says he likes to search for real estate deals in cities of 100K-250K people, since that level population supports demand and there's less competition than in the major cities.

For instance, do I negotiate the purchase price to support the IRS reported revenue and income?