If something does need corrected, they will give you a couple weeks to make the changes and do a re-inspection, or you can tell them at that point you don't want to move forward with the program at that property and end everything there. 

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Hey guys, I wanted to take a moment and share my very candid experience on the first ever REI project  (Listed today) I've had as an investor.

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

I'm from Kansas City, I'd love to connect if you ever consider our market. 

Real estate outside that where I can get real estate benefits for life and indefinitely defer the tax with 1031s.It strikes me that it is the changing of lanes that is more costly.

I don't think she can ever do that because you gave her permission to put it there.

STR's are risky, local regulations change, the economy goes bust, or the area your buying in become less desirable over time and your running into issues.

As investors, we to be more than a one trick pony so we can pivot as market conditions change. 

While your immediate position doesn't change, you now own a property with 200k of currently inaccessible equity.Also with your first one, if you can put down 5% or equally low, occupy it, and do a live-in flip, you may not have to refi; save up for another 5%, do it again, new primary loan, etc.