While the HOA might tank your profitability, I do know/am frequently messaged about condotels for STR usage, so it's definitely not that uncommon of a strategy. 

As every newbie LL/PM on these boards has revealed, there is a LOT to learn about a variety of laws; major routine processes; types of materials; contracts (all sides...tenant, management, contractors); financial reporting and management; construction methods; project and time management, and much more.

I'm sure there are people from certain areas that tend to visit Delaware on a frequent basis. 1. 

@Tony MendozaTo minimize liability and safeguard assets, real estate investors frequently move assets to LLCs.

I have been looking at a variety of turnkey providers while researching markets I am interested in.

It was refreshing to work with someone who understands investors and has a variety of loan products available for more complicated financing. 

The guy was expecting something like 40% down based on talking to other folks buying commercial real estate (not of the mobile home park variety), so was super happy with 25% down, and then I had bigger pockets open in my other browser tab, and here we are.

Many people frequently ask me what areas are "good" to invest in 'outside of charlotte' (Mecklenburg County). 

However, in working with sub contractors it is going to require more frequent payments to them vs the one or two draws I would request when working with a GC.

Wealth is built in a variety of ways.