Like a spare tire, if you have a flat, you switch to the spare tire while you fix the real tire... just like that you need spare buyers so you can still sell your contracts while you fill in the empty spot with a new buyer.In order to have these spare buyers ready we have to deal with a factor of safety.

@Terry Lao that's interesting but I'm my research in Vegas those multi family spots are in TERRIBLE locations.

I can't seem to find too many people / operators in a somewhat similar spot...  

It’s a perfect spot for students, nurses, and travelers alike.

I have had several tenants with any mildew or dark spot anywhere on the property try to use that as leverage for there situation just part of the business.

Yes, I believe your assessment of TK companies is spot on.

I watched NBC News from San Francisco this morning and all the talk was the $100,000 parking spot For Sale in the underground garage and not having enough energy to run the State.

No Gand graffiti or if you watched for an hour you couldn't spot a drug house?  

I'd estimate that I stay booked 85% of the year or more and he's more like 70%.I got into STRs as a way to have vacation spots that also make money. 

You are spot on, Feeling the same way as you describe, invest in somewhere that is not too far to Be able to check up on the properties and far enough to not have to pay for LA/OC prices.