(doubt this is accurate)Regardless0.02% of 500,000,000 = 100,000 people are successfulSo you see ONE HUNDRED THOUSAND success stories, people holding up checks, bragging about how many Lambos they buy... but what you will never see are the rest of the 499,900,000 people quietly crying in the fetal position on the floor that lost a fortune trying those tactics.You don't hear from them, you don't see them and you only see extremely incomplete data.Again,I would stop telling others it is a numbers game.

You can build in sound proofing, but honestly I'd go with 2-3 floors for each so you don't have the tenant downstairs complaining about the one upstairs walking around at night.For costs-it could be more or less than new retail-depends on finishes of each. 

You can file a Chapter 13 which will protect your home and its a clean way out.When you file a CH.13 BK its not the end of the world it simply protects your home since its your homestead from foreclosure.

I don't have exact floor plans, so I'm not sure if it would qualify for the 51% apartment sq. ft. necessary for a mixed use dscr loan. 

offering now 1.25M for the 1.495M listed property, with 25% down, no bridge loan, got an 8% offer. there are over 7 offers so not sure that this will be competitive but we will see.estimating around 60k total renovation as only 1 unit needs a full reno, other 2 need new kitchen cabinetry, nicer bathroom vanities and flooring. waiving inspectionHere are the updated rent forecasts, a 2bed can rent 2200/m and a 3bed around 2500/m in this area very close to Yale, 1st year negative but after that should be good CFhttps://docs.google.com/spreadsheets/d/1bLcUAKN5j8CpIKhcBKaD...

I thought about buying a non developed lot in cash, subdividing it, clean it (take out trees and bushes), get permits, and start building 1 property sell it and then build the second one...The problem is that I am afraid of going this route because of messing with sewer, water, electricity...

Also, operating expenses like cleaning, or purchasing sheets, and towels are much cheaper.

Next, 10k in damage seems excessive for an emergency leak, since if the leak was in a wall, it would most likely result in most of the water falling into a basement (if there is a basement) or it would pool along the floor.

. - Finding a Good Team: Since there is a language barrier in place it was much harder to communicate with any cleaning companies/property managers we found. 

Could I have an avg. rent of 4.33 days, outwork everyone (cleaner) by a substantial number of hours and not offer substantial services other than certain guest special request and meet the exception.Does the IRS consider all the marketing, accounting, bill paying, guest communications (daily inquiries), market research, pricing, real estate purchase, taxes, supply ordering, maintenance/ cleaning set ups, and a thousand other things we do yearly to keep the STR going as hours toward material participation?