Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

.: I have a deal in a luxury market where I am looking to renovate a 5,000+ sqft house that is a bit outdated.

There are very successful STRs here, you just have to know the best areas to be profitable. 

They will know market data and trends better, have reliable comps to base their recommendations on, and could even be a great deal flow with current portfolio properties selling.The completely remote, centralized PM function is one of the reasons why you see the homes owned by PE firms sit on the market so long.

Quote from @Jamir McClinton: OFF-MARKET LAND FLIP View report*This link comes directly from our calculators, based on information input by the member who posted.I just want to know if my analysis is accurate or if I’m way off.

End his lease, and find a tenant willing and able to pay market rate.

Many out of state investors look to the Midwest/midsouth to capitalize on the opportunity in these markets. 

I would also consider MTR in these markets as it is highly profitable with less turnover and more options for guests.

Has anyone had success with Rat poison and if so which one?

Identify a market and type of REI I want to invest in.