It is a more practical and smarter opportunity for yourself and your family.

Whatever you want to do post your number, first, lets have a look and don't forget that a huge chunk of your mortgage payment is applied to the principal and this makes a huge difference when crunching your numbers.But...I still try to stay away from single-family homes when the home will not appreciate in value, substantially, but as a previous BP member posted, you still may be better off buying than renting if that is your only choice and cannot buy an investment property that generates a profit almost exponentially compared to a single family home for your personal residence.

Freedom of Choice.

The ball gets placed back in their court and they have the choice to further negotiate, say no we stand by the price you offered, or terminate the contract altogether and you get your earnest money back if they doHope that helps, had a realtor try and tell me this as well

It took so long since I still have a day time job selling building materials, so most phone calls were done at lunch, the studying and practicing were done in the evenings after my two minions were in bed.I was analyzing and having realtors send me video tours in the meantime to practice, but it was go time to place offers after about 7-8 months since September.

I do and have done both and find the STRs much better, not just because of the money.Of course with STRs you are much more limited in choice of property when you are purchasing.....it is all about location, even more than traditional RE.

I would expect it to be standard practice to do a review of all the units and determine repairs needed, what monthly/yearly maintenance should be completed, and a rent analysis to set expectations for vacant rooms.  

We also give our owners a choice between using our provider or one of their own if they don't trust ours.

Are there any best practices or methods to establish relationships with banks as a way to get around repeated credit checks ? 

Is this normal practice to show POF document to the seller?