Must have tools: you need some type of evaluation metric and/or tool that you are comfortable with and are willing to walk about from a deal if it doesn't meet your requirements.also, a deal is a term for a transaction, not to be confused with a "good deal".

And I also realized that we would have to re-tool our operations, which are 100% specialized to the type of property we have.So you don't have to go bigger, unless you want to.

There are still some great markets for this type of growth. 

That’ll help you figure out the best type of funding to use.It sounds like you’re in a great position to make this flip work!

Also, co-living situations or top performing short-term rentals can produce a pretty high cash on cash return but again they are pretty active with a high turnover of tenants and guests unless you find someone else to manage them and then you are usually paying a good portion of the profits to the manager.But let's say that you have a job and are not interested in fixing and flipping or a high turnover type of investment and you would rather be a more passive investor.

Acting as your own GC is a great way to control costs as you embark on this type of project.

What made you interested in investing in this type of deal?

Type up your scope of work.

I’m the type who does lots of research but my job was to find the house, get it inspected, and have a contractor come in & give estimates.

I tried to provide constructive feedback on why it was not worth continuing with RentRedi and all the sudden I couldn't type anymore (it was about 3-4 sentences I got cut off).