:)  I figured that.

One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Once you have that figured out it gets easier to act intentionally.

Trying to figure if the partner is the STR owner or another management company that facilitates things through you. 

IN addition we were well capitalized  with many millions in working cash and 8 figure Lines of credit for distressed real estate purchases. 

@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Nadia Jones: Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well. 

I would  do a cashiers check to the Trustee ( all them basically were in Seattle ) I would hire courier to hand deliver ( we knew all the staff personally at these companies so we could call them for a reinstatement figure) So those funds were couriered to Trustee  I recorded the deed and the sale would be cancelled on the steps and foreclosure buyers would be bummed out as they chased these for months only to have them go away and have no clue what happened..

Figure out what specific aspects of BRRR you want to discuss, and tell us what you have done to educate yourself on each of those specific aspects.

Its very simple to figure out & use and it gives enough metrics to analyze single family properties.