for best oceanfront house dals for STR (I actually research OBX and cash flow there works the best, although it's an opposite coast for me so less lucrative for the first real-estate investment)- Take into account the need for good management/cleaning services as for STR it's critical to keep the property up to standard in between rentalsAlso, I have an additional question on the CapEx for STR vs LTR, does anyone here have some experience to share?

Sounds like it is a textured plaster ceiling and not drywall with standard acoustic (popcorn) so it will not scrape off.

There is actual test standards they undergo.The good news is that thieves are lazy, dumb and lack lock picking skills.

We had a 5-7 year plan to get these building back up to a livable standard, get rents up, etc. 

They are not standardized programs such as Conventional, but it can be done. 

Just tell the lender that Fannie / Freddie underwriting standards now allow transfer to an LLC provided the loan holders are majority owner.

We are dealing with a property now that the tenant failed to meet that standard and we are assessing a fee from the security deposit to cover the expense.

Any standard home owner insurance company will provide a landlord policy on a duplex.

@Thomas Kelly  It's fairly standard that investors buy rental properties with leases in place. 

Id say there is no average or standard.