More recently however, as affordability slips away and STR quantity increase, the regulation has become more strict and I can imagine that will continue as more actual hotels are built.

Yes there are people who have scaled up very quickly but ask I will venture to say that none of them said that it was easy work to scale that quickly.My lesson is that quality does beat quantity over time. 

Don't the banks have to lend this money into existence, (in quantities large enough to affect econs)?

He clearly believes in quantity over quality, but his lack of growth as a poster shows he is clearly not being engaged.  

Quality > Quantity is the key hereI know guys with lots of doors who bought subpar stuff and they generally pay for it one way or the other (bad tenants, losing money on liquidations etc) because, more often than not, emotion (As Jon Kelly said, fame of a 1000 doors > 20 doors) gets in the wayBeing well capitalized (partners, LOCs etc) is great but what's even better is when you buy a deal with solid financials and fairly low, well-measured risk going into it

In my market you can drop two deals a year and easily net half a million - so I focussed on quality and not quantity.

Just doesn't work that way.If you want to grow with quantity/volume, have deep pockets and re-circulate capital in high RTP areas and get a few houses a year.

Quality over quantity guys. 

Nope..... the credit they receive rarely meets the quality or quantity of work they perform.IF you have someone you truly feel is qualified to do the work, then hire them to do the specific work..... that $$ is TOTALLY separate from the rentGuy mows lawn for a living...ok....what do you charge per house?......

You can get an idea of material costs by going to Home Depot with approximate sizes and quantities.