I work primarily with investors focused on short-term rental–friendly oceanfront properties, and something interesting has been happening here:Many of my clients are applying a modified BRRRR strategy to dated oceanfront condos — essentially:Buy older, underpriced units in established resorts → Renovate to STR-grade finishes → Rent on Airbnb/VRBO → Refinance after 12–18 months based on new income comps → Repeat with equity pull-out capital.Even though condos can be trickier with financing and HOA dynamics, the math has worked surprisingly well when:The HOA allows STR operations.Renovations target higher ADR and occupancy.The appraisal reflects short-term rental income rather than long-term leases.I’ve noticed this approach works best when you treat each condo almost like a “micro–multifamily” — tracking cash flow, management efficiency, and appreciation just like you would for a small apartment deal.Curious — has anyone else here applied the BRRRR method to condos or coastal properties instead of single-family or multifamily units?

-Signal of momentum: Major infrastructure projects like this highlight continued investment in Charlotte’s urban core — a positive signal for long-term property values.If you own or are targeting properties near South End, Uptown, Dilworth, or South Tryon, this project positions you ahead of future demand growth once the bridge opens.Charlotte-Area ZIPs With the Lowest Vacancy Rates (October 2025)These submarkets are showing vacancy rates below 10%, reflecting strong tenant demand and rental stability:ZIP Code​Vacancy Rate28092​ 4%280125%280526%286777%280818%281158%281348%282168%280369%280379%280279%281059%282179%280789%What this means:-Markets with ≤ 10% vacancy signal tight rental conditions and healthy absorption.

Not only does this cause more issues and expense down the line, but it reflects poorly on the PM group as well, and makes it difficult to fill units because renters see the property as not being well maintained and won't recommend or rent from other units in our portfolio. 

The list doesn’t need to match anything from lease signing, just reflect current costs.

Or partially a reflection of a buyer's market?

When I purchased the home, MLS and seller’s disclosure reflected 4 bedrooms with 0-4 bedrooms for septic. 

If the universe of buyers is limited to those that can pay cash; or those that qualify for institutional financing, or those willing to part with the 30% down payment, then the ultimate sale price will reflect that.

It’s mostly a coverage safeguard, not a legal ownership issue.Basically, the policy needs to reflect who has an insurable interest in the property.

MHP have one of the largest variations in a tenant profile that is NOT reflected in cap rates like the traditional apartment market.

Thinner margins are a reflection of overall market conditions so you need to dig deep into the assumptions to understand the risk being taken to deliver those numbers.