Currently, we are interested in a quad as the biggest.

The 4 biggest banks use it.

The biggest rehab projects were redoing the flooring (with sound barrier underlayment) on the whole house, upgrading the addition on the upstairs to match the quality of the rest of the house, hanging drywall & sound board on the ceiling of the basement and upgrading the basement kitchen/bathroom.

Brokers and Real Estate Property Managers, What incentives do you need to move over to a new start-up property management firm?

And then there's the law of unintended consequences - - the businesses who no longer make money because of the tax will shut their doors and/or move to a low tax state (I hear much of Silicon Valley businesses are moving to Austin TX which might explain the RE appreciation there) and Puerto Rico has tax incentives for corporations for moving there- the businesses (LLCs & Corporations) that leave (or go out of business) will no longer pay the minimum $800 franchise tax (or any other tax)- the wealthy that might be subject to the "wealth tax" will just leave (Peter Schiff leaving NJ for - I forget - moved to FL and business in PR?)

And, 30% of operating cost is cleaners fees, which I believe is the biggest expenses for most STR owners. 

One of my biggest concerns is what will happen when mortgage forbearance expires and the eviction and foreclosure freeze is lifted.

I don't plan on ever holding or mortgaging the property especially since it won't cashflow.In my this sounds like a pretty straightforward play given the steady growth of the area's tech sector which I believe will actually be accelerated given a lot of tech companies are looking to open satelite offices in Canada due to the encouraging adoption of remote work, cheaper and abundant tech talent and uncertainty of american immigration causing a lot talent to move to Canada.The biggest risk I see is whether or not the specific property I buy will be in demand in 3 years:Who are the demographics that will actually be buying homes… not the 22-24 year old coming out of school and working at a tech companies but perhaps the late 20s to 30s folks who are settling with a partner and kids.

I’d also consider potentially the 80/20 rule of selling off your worst (you decide: lowest cash flow, biggest upcoming CapEx, neighborhood going downhill) 2 and rolling them into a smaller multifamily (4 doors / 1 mortgage) through a 1031 Exchange. https://www.biggerpockets.com/topics/877606

As an example, DTLA’s “Circa L.A.” development is offering two months free as an incentive to prospective tenants.