Then, run your numbers on the potential STR income - what are your expenses going to be (they will be more), and what is your projected income based on looking at competition in your area on the sites?

These same owners get mad when we do not start the project at risk and get mad at us instead of themselves.For internal teams, it would be that there is always so much stuff going on and frequently no person is able to be made accountable for the work that is or is not completed.  

Analyze over and over again what went wrong and look for possible different solutions and outcomes to learn from for future reference.

Futures are pointing to 3-4 Fed rate cuts as the likely scenario this year (down from up to 6-9 at the beginning of the year), which just so happens to be right at the target we predicted at the time. 😁 And I’m holding firm.

It is too early for me to state if this will be a decent investment, but the projected annual return was advertised at 14% to 21%.  

There are a lot more condos coming on the market now: a lot of people are looking to sell after the strong appreciation in the past few years and there are thousands of new units being added by new development projects that are now being completed. 

I'm interested in moving up to multi-family in the near(ish) future, but I'm thinking it might be difficult to find 20% to put down on a significant purchase.

Figure out your threshold for projects, because every building will have its own issues to manage.

We have a glorified house hack scenario in Portland where we rent about half of the property out as a mid term and while our travel nurse is working we are improving the second half of the property for a future permitted attached ADU. 

Hey mate,Keep costs at a minimum.If the carpet is good/new.Leave it for now IMO and deal with it at a later date.And can always not accept pet's as per your lease or if you do, charge a pet deposit and monthly pet fee that will assist with any future repair needed caused by pet damage.We own a PM company and do the same.Thanks