Endicott will probably not attract many students, no, meaning in a nutshell your rent will be lower but your turnover is almost guaranteed to be less.

I think this is a very easily duplicated model and a great plug and play for tourist destinations with old, outdated B&B's. 

What makes the BRRRR method so attractive is that you can usually buy a property much lower than market value that a bank would not likely finance and you can buy it quickly because you are using hard money which is looked at the same as cash often.

While we're not a major tourist destination, between business travel and the attractions we do have, new hotels and STRs continue to be added.

In a C- to D type property, it is almost a given that you will have problems because of the type of tenant those properties attract. 

@Ibn Abney in both cases you mention, Oakland and NYC, both real estate markets were driven by the concentration of technology companies that came into the area with jobs, attracting the youth with better jobs.Chicago has............................. no technology companies wanting to set up shop there and the number one city in the US where people are leaving the area.Without technology companies wanting to set up shop in droves, it's a dying city in my opinion.  

It could be someone you intern for, or just an individual that you have met and attracted into your network.Know this: that person is worth their weight in gold, and can be the primary person that you run things past or ask questions as you move through your day.

Did all the landscaping and put in amenities that would attract more guests.

Commercial lender would see properties that cash flow well in the same scenario :) Residential conventional loans can't be beat term wise though, the low fixed interest rates for 15 or 30 years are quite attractive.

The book title gave me the impression it was designed to attract attention and sell a book that could probably e explained in a pamphlet.