Pets are more dangerous when they are in the property long-term.

Tons of good info already mentioned...The only point I would make is that this statement is very dangerous when it comes to investing."

Putting total strangers in the house that have no responsibility for how they treat it is concerning at best and dangerous at worst.

Is there a legal distinction between renting out multiple rooms in a house verses renting out multiple units on a property?

Buying rentals is dangerous because of market crashes that can happen ,they think you will receive a phone call each night at 2 am due to a clogged poopy toilet .

By business advice I mean things like max safe ltv, dangers of junior position, etc.

., seems like you like to live very dangerously, just because you lack the other 10-15% deposit your bank would need up front?

I never underwrite using the CAP rate ... in fact, the only time I have any curiosity about the CAP rate is when I am thinking about selling a property (and am trying to determine how much someone will pay).CAP rate is a dangerously misused metric which is far to frequently batted about as though it has significance beyond being the inverse of a P/E ratio for a business/property at a point in time.

Each is a very distinct market with different rates, as well.

At 500+ square feet, separate bedroom and living area, full size kitchen, automated processes and an electronic guest/resident communication, office only open during regular business hours, much smaller staff, and long average length of stay, it's unlike extended stay hotels which have much smaller rooms, no or limited separate bedroom, no full size kitchen, open 24/7, bloated staff, much lower length of stay, and high opex ratio (which is a big distinction).