Any economic Pros out there can dive a little deeper on this subject so I am able to explain this better to my Clients?

Activity appears currently around 2018 levels, but it will be interesting to see how it looks during the holiday travel season.

A primary driver is uniformity of community, the next in most cases is connected with our development funding and approval at a regulatory level. next is market factors, for example a certain area that HOA's are the norm or the expected for a certain price point.

Where are you located, what is your budget, desired level of rehab, etc.? 

The expensive part is most cities require that the vertical walls need to be jackhammered to 2 feet below grade (ground level) and you cannot through the chunks of wall into the pool.

I would say Airdna is "good" from a macro level, i.e. this area compared to another (for ADR and occupancy), but the numbers themselves I would say are not very accurate.

Once you get into your first couple properties, you start running out of funds and unable to scale at the same level you plan on so having a long term strategy on funding your real estate goals is key.

Minneapolis has rental licenses, but there's a grading system for each, and that can often give some insight into the level of care taken by a current owner.4.) read the TISH report, which is required for anything under a 3-unit. 

@Jem Thompson I am going to give it to you straight, coming into the Mpls market, going from 0 directly into multi-unit housing, is of the absolute HIGHEST risk level and stands a near 100% certainty of running into some significant financial impacts.

This was the lowest level agent.