The way REITs are structured nowadays, more than 90% of them are internally managed, eliminating the inherent conflict of externally managed REITs, and aligning the interests of management and shareholder to a much greater degree.  

If the lender escrows for taxes, insurance, or replacements, that’s not a substitute for internal reserves; treat lender impounds as dedicated buckets and set your internal targets on top of those.A few practical sizing heuristics I see work well in the field: for small- to mid-sized multifamily, many owners are comfortable when the operating reserve roughly equals four to six months of non-discretionary expenses and the capital reserve equals at least one year of the near-term capital plan, replenished annually.

It would probably be worthwhile to hire a consultant for this component to point you in the right direction if you dont have any lending experience.

Maybe try using an FSBO sale first post it on Bigger Pockets, FB Marketplace, Craig's or internal board.  

Stability is a plus, but make sure you're comfortable managing any internal family dynamics that could impact your property or complicate rent collection.2.

Quote from @Ian Hutton: Hey everyone, My question is what are the key components you look for when doing market research?

@Nick Farrow we've had international clients go down this path.Typically two options for financing:1) DSCR at 65% LTV2) Try to find an Australian bank with offices in the US,OR the reverse, a US bank with offices in Australia.

Use cost segregation to identify 5, 7, and 15-year components that can still benefit from bonus depreciation and shelter early cash flow.

The STR tax strategy has 2 main components:1) The average stay per guest is 7 days or less for the tax year.AND2) You materially participate in your STR.

It still had poor locale support and was not much more International than the U.S.A. version.