One downside is the increased cost of insurance.

I gotta tell ya, this is the biggest dumpster fire of a failed sales pitch that i've seen on these forums in years.PM, sales, rehab, marketing, everything.

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

Condos, however, are where the biggest shifts are happening.

I am betting that those with the biggest regrets are those that bought at the wrong time expecting COVID level occupancy was normal and those that didn't take the time to learn what it takes to run a successful STR.

The biggest thing I’d say is to not let the tax tail wag the dog.

The returns have been astronomical for awhile but the market has started to shift this last year into different areas and surprisingly Old Town has seen the biggest decline.

If it's wrong, you have no recourse.The biggest problem that I have seen in 40 years of tax sales in Texas does not involve recorded or unrecorded liens.  

As a former operator that transitioned to lending I believe that the biggest challenge for newer or newbie investors is making the numbers make sense.

Equity grows the same, sometimes better, on the property too, so no downside to buying new.