@Chris Watson, also true — I’ve seen beachfront and amenity-heavy condos outperform nearby homes when the buy-in is right.From a tax view, condos often win short term because less land = more depreciable assets under the new bonus depreciation rules.

This is my fourth house purchase, but the previous ones I renovated to live in.

He has no skin in the game. 

Quote from @Leslie Stouffer: I am looking at a second house in the market where I have my first STR (Charlottesville, VA), but this one has been demoed, but still needs all the insides put back in.  

But you still have skin in the 'game'.

After visiting the area, it felt pretty rough in parts, lots of streets look run down, though there are a few renovated homes mixed in.

So I require skin in the game (average is 5% to 15%) to offset this.

It would be greatly appreciated if someone who has gone through something like this before could share what they used to make the decision to move to the area they’re investing in.I appreciate the help,EvanHey Evan, welcome to BP and props to you for getting ahead of the game while you’re still in school—that’s a smart move.

@Mani Sundaresan In case no one else chimes in, I will give you my experience (albeit dated).

Would I be able to join and listen in?