If they are keeping the place clean, paying consistently, and trying to make it work, I would return the favor and try to be flexible if possible. 

Understand the market your property is in so you don’t over leverage yourself if the economy isn’t as favorable as it is now.

I believe people worried about their health will favor STR versus staying in crowded hotels.

The seller did a good job of maximizing rents and had the highest rents in the area for comparable assets, so the deal underwrote very favorably.

I look forward to being able to return the favor as I gain more experience!

Policy is difficult to make one size fits all but I agree that it seems to favor the professional tenant.

They are a wealthy foreign national and have only done simple cash deals for rentals with minor/no rehab, leaving it at that as they aren't able to get favorable rates from U.S. lenders.I'm wondering if there is a scenario where a lender would refi (ideally with a conventional product) using my credit, while also allowing this foreign investor to retain some equity?

She did us a huge favor and took a second mortgage on her rental property in Phoenix that she owned free and clear and let us use the money and we just make the payments to the bank.

My gut feeling is this will ultimately sell for something much more than $500k with contract language that makes it more favorable to the Seller.

If I purchased a SFH and added a roommate at the median rent, the numbers should largely be in my favor just for the sacrifice of adding a housemate.