It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.

I don't hide from potential clients.

Mid-Term Rentals are generally the same concerns as STR, but you could argue less potential vacancy and if the property is subject to rent control, it is a potential legal workaround. 

Documentation should include details regarding the business purpose, total use of the property, specific expenditures, business usage, and dates of expenditures and use.In the absence of such documentation, deductions are vulnerable to disallowance, leading to potential penalties and additional tax liabilities.

Hi A potential tenant of mine who looks really good on paper (credit score, income and else) is asking if we can take rhino policy for security deposit ? 

Check the condition of the property and estimate potential renovation costs.

Out of that $1,200, you could factor in loan buy down and tax benefits in addition to potential appreciation. 

What should we do: wife and I are potentially taking an international rotation to Europe.

I also make sure the potential tenant sends me references from their previous landlords and I end up calling them.

It definitely has potential, but I agree with what @Dan Heuschele said.