Be sure to do your DD on the operator and understand their business model before diving in.

You might consider running this model as a flip to see if it makes sense economically. 

It's a business model - it needs to make sense.

I'm one of those aspiring investor who doesnt know how to make the 1st step.....

So that's where you've got to examine your own model and needs.

With the pressure off financially the broker/agent can spend time and really look out for the buyers interests more and not struggle with needing the closing today and thinking about having to SELL the buyer something immediately.Now another item however is that now that the broker/agent is very successful and established they likely have a polished and well defined business model.

If you had all agents as investors how does the business model work.

Back two units are long term, so I like the model as long as STR is viable. 

So properties have different underwriting models based on credit tenant type, stnl or mtnl, how many primary years left on the lease, lease staggering, termination clauses, co-tenancy clauses, restrictive use clauses, lease guarantees for personal and corporate, disclosure of ongoing sales, association by laws, etc. 

this is a supply demand situation.. seems to be an over supply right at the moment.. rents will hit a equilibrium over time .Issue becomes these projects take so long start to finish.. that what you modeled when you went into the deal is not market conditions when your ready for occupancy.. this is happening in A class throughout the US .. in many markets east side of Portland for sure..