How much does location matter when buying an apartment complex?
We're looking into raising money and purchasing an apartment building. If I were to purchase a home again where I live in Southern Florida, I would buy on or near the beach, because I see the value in location. Does it matter as much if I'm looking into buying an apartment complex? Part of me thinks it could be better possibility of appreciation, but not sure if it matters. Also, I know if the rental market for some reason goes down, they are already higher rents on the beach, so would it be affected negatively in that case?