Brandon Turner's book was written a very long time ago.

Finally, keep an eye on transaction costs and fees.

I don't know how long you've been in the industry, but if it sounds too good to be true, it usually is, especially when there is so much scam stuff happening in the hard/private money side of things still. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Your tenant in an STR is a guest with very different needs compared to a long-term tenant.

While Frisco, TX, is growing, understanding the local landlord-tenant laws, typical tenant profiles, and contractor networks from afar can be challenging for a first deal.Focus on Cash Flow First: For a long-term rental portfolio, consistent cash flow is paramount.

I tried initially incentivizing her leasing team so that it could fill up with long term tenants.

Buyer activity and interest rates will play a big role in determining whether we see a gradual softening or a more noticeable price adjustment.I’m keeping a close eye on local trends and buyer behavior.

I have my eyes on Miami and have been seeing prices drop like crazy.

Appraisers are going to look at how long the home was listed and any price reductions.