That doesn't mean pay anything to do a deal, but it does help you mentally process that big fee in the beginning.

This includes having purchased at the height of the market before the Great Recession.I do not understand treating one source of return different than another except for prioritizing return that can lower the invested amount.  

Or finally, you can lease up and stabilize the asset.Every location is different, and the optionality of having multiple exit strategies allows you to adapt to the market, remain agile and achieve the maximum return on investment for every deal.Even when conditions are favorable, prioritize a proactive approach to due diligence and mitigate risk by structuring the purchase agreements so you only close with full entitlement approval.

Contractor needs to know and understand the house hackers mentality and rehab loans.

@Micah Hensley, I'm just shooting in the dark here but it sounds like you're prioritizing drive time and convenience over the investment perhaps?  

Looking back I had the mentality that I have to sell them to free up cash and keep moving but clearly I dropped the ball over the past 10 years.

As others have said, I think you should prioritize based on where you are able to get the best deal. 

I get the whole by the book mentality, but I'd rather not piss them off over a day late when they always pay and it's not like I have to chase them down.  

Also some co-ops are rentable after you have lived there for a few years so I would prioritize one of those to leave yourself the most flexibility.

I prioritized known occupancy over piecing together STR tenants in the “off-season”.