It's part of our model. 

But for the STR there are a number of additional questions around operating model.  

The numbers the first few years don't cash flow that well (damn PMI) so I'm currently letting that soak in and trying to model out what numbers make sense.I also bought my first 2 unit property out in the West suburbs so have about 1.5yrs of experience as a "removed" landlord (property is about 45mins away from downtown).

Purchase price: $301,000 Cash invested: $30,000 This property changed our investing model.

If you use the York University model that Tribute Communities did when they built their townhomes, I think you’d be successful.

Our new business model is to find medium sized apartment complex (10-20 units) and Brrrrrr them !

We can compare notes down the line.As you are now living in Europe and Asia, you might be interested in the crowdfunding model used in the UK.

That's exactly why I started with SFRNow I'm buying multi because my confidence (track record) has grown, I've spent a few years in commercial underwriting, and my network of resources is much higher.The single family model was never the better method, but it fit my situation and I think that's the case with a lot of people.

Based on closing dozens of these deals and running various financial models, you'll be better off buying a 3/2 house.Why?

My business model is similar, but I never took a serious look at the numbers for improving properties and increasing the rents near the major colleges.