I think a lot of investors (myself included) shy away from condos due to typically more stringent HOA rules that may or may not limit your ability to purchase as a non owner occupant, limits and approvals for renovations, and potentially smaller buyer pool since they are typically not as family friendly.

Make sure you're asking about client load, meetings included in the fee, how they stay up to date on current legislation, and strategies they've implemented for clients in a similar situation.

Low rental demand and low growth leads to this score.If you’re looking to buy an STR in the Triangle:Raleigh is possible—just get the right zoning, avoid the stringent areas (unless you’re savvy and okay with risk) and avoid HOAs if at all possible!

He is a visionary and I am a great implementer.

It takes effort regardless of which form of marketing or which strategy you implement.

This is something we implemented this year due to the many challenges with DOM. 

correspondence between me and Lane.Giles,One of the biggest misnomers is that the tax benefits on syndications are worse than owning rentals which is false especially when doing a cost segregation.I just got back the estimate for Aubrey Apartments in Houston to which we will likely implement in year 1 of the deal.Based on our consultant's estimates, it looks like for every 100k invested, passive investors look to get back 58k in losses in the first year alone.Assumptions: 10M of losses first year, 70LP/30GP split assuming total capital raise of 12M... 10/12 x 70% = 58%.

The implementation matters, and the numbers matter. 

Also, keep track of your processes and lessons learned—your “mistakes journal” will be one of your most valuable tools.If you can, attend local REI meetups or Texas-focused BP events; meeting other investors and property managers will help you build relationships for future partnerships or mentorship.Excited for you—this is exactly how many successful property managers start: learn, implement, iterate, and expand.

States are cracking down on them, changing laws all the time and implementing policy that makes it hard.