Define your strategy and buy box – Once you know your financing limits, you can narrow down property types, price ranges, and locations that align with your goals.Another key piece of advice: Get comfortable evaluating deals strictly by the numbers, not emotions.

I also work closely with FoundationPM.com, so I see firsthand how much smoother things go when agents and property management are aligned from day one.

The question is whether it's the best CA deal you're likely to find, and whether the appreciation play aligns with your timeline and goals.What's your exit strategy?

As with any deal, if you’re leaning toward townhomes, just make sure the acquisition is strategic and aligns with your long-term goals.

The good ones will bend over backwards to make sure their relationship with you and the property is always in good condition.An LTR frankly doesn't care about your property or whether it's an investment for you or how much you're actually cashflowing on it.The STR operator is ultimately Aligned with you and your property.Sorry, but you need to take off those rose-colored glasses.

Remember, cash flow is only one component of what makes a property profitable.

As you learn, keep an eye on which strategies align best with your goals and criteria.Feel free to reach out if you have any questions — happy to help!

Each upgrade was aligned with local buyer expectations to maximize resale value.What was the outcome?

If market rent has dropped anyway, this may simply be aligning with reality.The real question is:Would you rather lock in a proven tenant slightly below market, or risk vacancy and an unknown replacement?

Properly run, you are covered by your dues for major components such as roofs, balconies, pavement and parking, etc. and don't have to deal with landscaping and other items that you do with SFRs.Recently, attitudes toward condos have been increasingly negative because of increasing operating costs, insurance issues, and reserves that were underfunded during boom times.