If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying.

but end of the day lots of Black on your balance sheet simply is not a bad thing.. 

Do have an idea of your preferred acquisition price and how much rehab might be required? 

I know I'm more limiting than most but here's what I require, and so far no problems yet.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

When it becomes exploitative as it has with China, it's bad and defensive actions are required.

NYC apartments will have a different car requirement from Orlando, but he used that methodology in this specific small city and was an investor from the 1980s-2000s, so a lot has changed, but I believe there is still some truth to it.

It's important to understand the zoning/code requirements and obtain all necessary permitting if you intend on operating your real estate as STR anywhere in the country.

The Tenant texts LULA and the AI behind it troubleshoots issues, and dispatches trusted vendors for required repairs. 

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.