Low to no time investment, long-term hold, ok with giving up some control if it means having help.What I don't like- using 200K in cash leaves you with no leverage, which is one of the beautiful elements of RE investing. 

That is the beauty of condos in hot areas and if you're in Midtown you're much better positioned but you've really got to ask yourself how much additional appreciation you're going to get in this cycle.

Thanks @Jack Bobeck   Hindsight is a beautiful thing. it is well known that JAX in general had solid growth in the last few years. 

I haven’t even mentioned when huge influxes of people come to Vegas for events like life is beautiful (downtown), EDC( up north, so I’m closer then any strip hotel).

The rents are below market, the current owner does not charge any rent for outside parking spaces, the parking garage rents are below market rate, there is a beautiful unit being used as an office that could command $900/month, storage fees are not implemented, water is being paid by owner, etc.

The grounds are kept beautifully and the outside repairs are taken care of nicely.We got quite a few calls yesterday and two people asked for applications. 

There is no car more beautiful.

It's true though, lots of beautiful cities in Cali for less.

We moved from Reno to Cincinnati to be close to my family and I now work for my mother and step father as the Handy Man for their 20+ door RE portfolio of beautiful Victorian's.

Wow beautiful house - wish 106k bought that stuff up here in Maryland!