This area has been thriving since before I was born and is one of the original vacation destinations.

Ryan,I am buying MORE apartment buildings NOW.I've been investing in real estate since 1999 and actually THRIVED when the real estate crashed in 2008 and THRIVED when the real estate market went up from 2011 to now.

Recognizing the value of money, having some and access to more money is key to thriving in this business. 

I'll keep it once I'm done living in it (probably not less than 3-5 years at least, and longer if I stay single) because the nearby town, among other thriving businesses, has a college and finding renters for a 4BR/2B shouldn't be too hard.However, to me it depends on what my lender's appraisal says.

Takes a special kind of person to thrive in the property management industry.

@Hezekiah C Butler You're in a thriving city for investing.  

My idea of buying multifamily has been put on hold because the market seems to thrive off of vacation rentals! 

In fact I generally wouldn’t assume any appreciation at all at this point.Rhode Island is not exactly an area of thriving economic activity compared to other areas of the country, so if you can find a nice cash flowing investment the  that it’s great, particularly if you can find a  off market deal with some built-in equity.

It takes specific conditions for the mold to thrive i.e. not keeping a rental unit clean, not cleaning around showers, bathtubs and the tops of all plumbing fixtures.

It’s a popular tourist town, so local businesses can thrive.