Something will come up that you do not understand or do not have to knowledge to deal with.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

You really want someone that invests in their market themselves and understands the numbers.

Welcome to BP.My biggest piece of advice is to understand risk premiums in real estate.

These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

Here are some tips to help you negotiate effectively:Know Your Numbers ColdBefore entering any negotiation, understand the financials of the deal inside and out.

Some wholesalers over charge and don't understand the market and arv or BRRR.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.