., there is no simple formula, as you need to look at upcoming Capex items for the rest of your projected hold period, and need to factor in appreciation (or stagnation) of values.  

Do you still add a due diligence period in your offer?

It won’t be your primary residence, period. 

But, if this great tenant has been conditioned to accept annual 3-5% rent increases, why would you disrupt that, especially in a period of high inflation?

We have 2 properties that we own and airbnb (3 units, 4th coming soon) and I can count all the issues on both hands over a 350ish stay period.

If a map area has a lighter shade of blue, it means the cap rate is lower in that area.If an area has no shade at all, it means there were no multi-family sales for the time period.This analysis covers the 2 year period ending on August 14, 2021.

My lease has something along the lines of overnight guests cannot stay any more than 8 nights in a period of 30 days and the landlord has the right to restrict or revoke guest privileges if he/she feels this privileges are being abused.

You always have to allow service pets, period that is federal law. 

If you are buying cash, there really should not be a seasoning period that you need to abide by, but you'd want to get all the work done that you have identified so that the appraisal comes back as strong as it can.  

In this case, a 70/30 split was agreed upon at the outset of the syndication (70% to investors, 30% to the Jane and John).At this point, each passive investor has received monthly cashflow checks during the renovation and hold period, plus their initial capital investment back once the property sold, plus their portion of the profit split after the sale...a pretty sweet deal for little-to-no work!