I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!

Like others have said, you need to find alternative lead sources to find a decent deal.

Note: finding bank to finance deal seem to be more difficult than I was lead to believe.

Their different backgrounds will lead to 80-90% of the same stuf being pointed out, but the 10-20% differences can be eye-opening and lead to more accurate bids.Suggest you visit a Home Depot on a Saturday, between 6-8am.

Only time I will ever concur that most win at flips was the time leading up to the Great Recession. 

I'm struggling to generate extra lead flow from builders, mostly because it's so difficult to identify folks that are doing ground up, business purpose construction. 

So, I will not be needing to source leads as much. 

He is encouraging his tribe to send him leads so he can do more of these.

I would like to start generating some passive-income and start with some residential properties in my initial portfolio.   

(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.