My best deals weren't beautiful, but had good bones and upside potential.Run your numbers carefully.

I find as I finance BRRR folks and flippers over the years their estimated profits are normally very high and based on perfection.. 

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

A large part of Ohio is seemingly the "perfect" investment for everyone but the people doing the actual selling. 

The cap rate on this property is just over 7%, leaving plenty of meat on the bone for any investor!

Thought I had the perfect team lined up, but midway through, the contractors didn't quite deliver as expected.

Took one booking, the tenants broke contract by bringing a pet (dog hair and a bone were left behind), and Landing was not exactly pleasant to deal with in recouping security for extra cleaning and damages (dog used the ceiling fan remote as a chew toy). 

You could sprinkle in some section 8 vouchers in the mix for a perfect recipe of Memphis investing! 

It's a multifamily.Even with perfect rents I'd be at a cashflow deficit of about $1500 a month.

I wake up with peace of mind, I don't wake up caring if my ROI or CoC wasn't perfectly optimal.