Most agents don't produce sadly.

I’m sure they exist somewhere, but the vast majority of small businesses just don’t generate the income nor the margins to hire the quality of people nor the specialized skills needed to produce without the involvement of the owner willing to wear many different hats, pick up the slack where needed, and work the hours necessary to make the business a success. 

There are only about 100 to maybe 150 of these properties produced per year. 

if so, this had high risk written all over it for all parties, as in todays market it is very rare to find properties that will produce positive cash flow with 100% leverage.  

But the nice thing about a commercial property is that you do have control over the value of the property. buy-out costs have to be baked into a business plan along with a clear understanding of what the property can produce over a given timeline. $2.2M for 12 units could be a really good deal in a good location with the right plan or it could be money pit and the end of an investor if it is in the wrong place or a bad building.

If it's permissible then the #1 feature for top producing STR's is proximity to water.

I do 12-month leases all year round and it actually produces more income.

Even if you found a deal for $200,000 that produces $9,000 a month income, that's a complete unicorn that you probably found off-market.

It's a means of producing income, not long-term wealth. 

Remember they can add 75% of the potential income that the small multifamily will produce to your DTI ratio.