Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

I've looked around and seen people taking $300/month of profit and calling it good – I understand that it depends on the amount invested in the property, but is there a generally accepted percentage that serves as a rule of thumb? 

Just wanted to be sure I understand completely .

I'd like to understand which factors are weighed most heavily in the underwriting stage so I can try to get approved.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Matt Devincenzo My understanding of the difference is Junior Units share amenities with another unit, while Companion Units do not. 

I understand I am not the biggest fish, seeking my first property and all, but should this concern me?

Remember, understanding your bill can save you money!

Hopefully your Realtor is experienced in listing/marketing STR properties and understands the values of a fully furnished unit.The resale market is full of STR units, so it could take months to sell.

We are trying to understand the development of the city to plan on our investment plan and portfolio.Thanks in advance.