Key Trends- September was the last summer month but demand for MTRs continued to increase in most markets through October.- November experienced a slight downtick in demand, the number of leads received declined by an average of 4%. - December saw the largest drop in leads, the number of leads decreased 18% throughout our markets. - January experienced a significant increase in demand.

I just say that because a lot of newbies bring me deals where they are laser-focused on the fact that they have someone who seems to be a real seller at a decent price, but they aren't thinking of who the buyer would be, and if that area even achieves decent rents and has a decent pool of tenants.

Investors often underestimate the demands of transitioning a house to a home. 

Recognize the demand for multi-family units, rental prices, vacancy rates, and property values as of right now.

the sellers (or their agent) is actively trying to sell the home for them.  

This could include techniques such as seller financing, lease options, partnerships, or private lending arrangements.

Oftentimes when municipalities ban STRs they will grandfather in existing operators, but if you are mid build when they do that you’re screwed  Once you’ve identified a list of “safe” markets, compare them on Airdna to see where you can likely charge the most (I’m assuming building costs will be more or less similar, so you might as well pick the area where you can earn more revenue)Also, in this market you may be able to pick up land with seller financing instead of having to buy in cash or traditional financing … potentially low or no money down, and won’t affect your personal DTI.

It's been very well kept but rents are low and there isn't crazy demand for apartments in the area, all though it's fully leased.

I have a property manager in place (one recommended by RTR) and he suggests (i) new build supply is way higher than demand (ii) realistically (if at all we find a tenant) we should target a rent of $2100 vs $2500 projected by RTR.

Assuming you did actually negotiate with the seller to purchase the property outright, the PSA should have your name as the buyer and husband and wife as seller.