Then MAYBE you'll make some money, but probably not until year two, at least.Yes that’s what even I think and numbers say!  

Yes, it is a numbers game.They say... 1) Postcards are easier to get glanced at and tossed. 2) Letters have a greater chance of getting opened and read. 3) Hand written notes and envelopes get opened even more.You could spend about a dollar per letter mailed doing it yourself, or you could spend $2.50 or more each for a company to do it for you and maybe have "mechanized handwriting."

Hi Shawn - yes you are correct, it's just a template to know what kind of deal to even look for. 

When I call an agent they either accept my offer price for their house or they don't even if they have been on the market for months and their asking price is clearly way above market value.

Depsite what you hear real estate is very risky and STR arbitrage is even more so. 

Even with a straight forward build, you're 100% correct, the time to market is still faster with a full gut and renovation. 

Hence, their clients and even tenants have been suffering.

I wouldn't buy a 12 unit with all 1 beds built in 1912 just because of the age, even though it was renovated in 2018.

If the cash flow was only $100, $200 even $300 it would not be worth it.  

Even if you have to sell it at a discounted price because of the condition you will still get something.