@William Brock Yep it does have a pretty nice lake view and I would agree that is a nice perk for a STR in the area.

I have a w2 job earning about 100k a year, with a good amount of capital and some equity on my home (since it’s on a 15 year).

If there's a part of the job that does not require a license and will not be inspected by the city (such as finishes) I as the project manager have the option whether or not I will give that portion of the job to the GC or farm it out. 

My turnover costs with LTR eat me alive, so I'd rather spend a bit upfront and just keep it nice.

I have to say it’s not an easy job to do especially when I have to deal with difficult tenants.

They barely meet that my only concern at this point is the fact that he is given no employment, history whatsoever he's listed himself as unemployed but I know he's had jobs, but without that in a documented form, I have concerns

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Might be a nice change to not have people roaming around your house.

Well it is just previous SFH we used to live in turned into rentals, my parents knowledge in RE isn’t as good as say our knowledge in the restaurant or business industry. but i get what you’re saying which is why we are trying to pivot whilst we have the nice cash from our business coming in to help fund our deals.The thing with the New Construction is it will take a lot of my powder but i can save it again pretty fast considering the very frugal life i live and the amount i work. but crazy to say some of the time atleast right now in my area new construct is better deal than existing buildings. its crazy ik but its true

But they are doing a good job at enforcing collections and trying to improve it.