Building a team is very important, and I can't emphasize how having the right people will save you a lot of time and energy.  

Also liked how you emphasized service and relationships; getting repeat customers or referrals often matters more than just closing the next deal.By the way, speaking of business strategy, I saw something interesting over at PUNIN GROUP— looks like they’re expanding and seem serious about growth and structure.

Emphasizing only the value add and cash flow projection can lead lower quality acquisitions.  

I require that the guest booking be staying there the entire time (no 3rd party bookings), and emphasize that this is a family vacation rental, no parties allowed. 

I would emphasize that HUD is not only looking at the reason you rejected one person, but those reasons were applied equally to similar candidates.

Now, normally, I would emphasize the importance of touring a property before making any commitments, but this particular situation seemed promising ... at first.You see, we had the vacant units and the down units all ready for our visit.

I would like to emphasize that as well - it is important to find an agent who understands and owns investments themselves.

I’d still be cautious of deals that don't cash flow or rely on perfect assumptions, but being neutral to slightly positive can be fine if the fundamentals are strong.What I’d do differently in your shoes is emphasize simplicity and scalability.

What you’re describing is extremely common, and you’re actually closer than you think.From the lending side, one thing I’ll emphasize is that liquidity matters, especially on a first deal.

Flexibility is, in itself, a valuable asset that becomes stronger with time.That is why the strategy emphasizes conservative LTV and margin.