They were ONLY going to sell the “contract”. 

Listings are now selling for roughly 95% of their list price on average.

My Strategy:- Buy with primary goal of renting in the future- Live-in flip for the first 1-2 years to build equity and increase potential rental price Exit Options:- Refinance and rent the property, using equity and savings to buy again, move in, and repeat- Pull equity that built due to small renovations done over 1-2 years and purchase another property w/ intent to rent, staying in this first one- Sell/1031 (thanks to forced appreciation from reno)Will this work regardless of the asset being a townhome or SFH, or am I missing something? 

Here's a list of the 15 things we've identified that every STR needs.1 - An extremely detailed HOUSE MANUAL to make it easy for guests to follow the rules and enjoy themselves.

One thought is to sell it and buy something closer to home that you could manage yourself.

Someone gets 10 deals under their belt and then they go out and try to sell courses. 

They're legitimate factors and expenses that must be included in any NOI calculation.Unless you're a sell side agent and want to play with the numbers to make it seem like the property cash flows when it really doesn't.

I have a property that I would probably rather sell except for the fact that I have the money borrowed at such a cheap rate. 

Your PM fees will also be less per unit for a multi unit vs single family.Tenants in multi unit buildings share walls so there is always the potential for noise complaints and neighbors that simply can't get along with each other.If you run into financial difficulties, it is much easier to sell off one or two SFRs than it is to sell one big multi unit.Traditional lending is much easier right now for SFRs vs multi units.  

I would verify the package they're selling you.