What was the biggest thing you learned while doing so? 

The biggest challenge that I faced with this deal was timing due to the pandemic.

Currently, we are interested in a quad as the biggest.

The 4 biggest banks use it.

@Tom Gimer you are correct and that’s my mistake.

We're excited to get going but I'm trying to avoid making as many newbie mistakes as possible.

The biggest rehab projects were redoing the flooring (with sound barrier underlayment) on the whole house, upgrading the addition on the upstairs to match the quality of the rest of the house, hanging drywall & sound board on the ceiling of the basement and upgrading the basement kitchen/bathroom.

Get what little you can from the deal, if anything, and move on and never make the same mistakes you made on this deal.

Obviously people are still building and renting buildings despite the fact that Prop 13 creates vastly different property tax rates depending on how long the current taxpayer has owned the building.The biggest beneficiaries of Prop 13 aren't tiny landlords, they are large corporations like Disney.But more to the point, if landlords thought that price stability for small business was their concern then they would support rent control for tenants and not for owners.

And, 30% of operating cost is cleaners fees, which I believe is the biggest expenses for most STR owners.