Reality on the ground is exact opposite due to investors not properly accounting for expenses such as maintenance, capex, legal, property management, pest control, landscaping, travel, etc etc.

Sometimes the iPhone is the kitchen, sometimes in the study room and I have to travel through my house to find the freaking phone.

I've not and am not buying now because I'm traveling, but I've heard about the town's growth on and off for a few years as well as Goodnight's backing of Chatham Park, a major project which it seems the locals resist because it will turn a small town into a bigger one. 

have laundry room on each floor and eating area and set of rules in kitchen area. met a lot of travelers who stay at hostels and they have setup like that. there was one where they had a weekly dinner and had to contribute towards food prep and cooking to keep cost down and for laundry they had washer/dryers. 

I travel to Houston about 3-4 times a year and typically walk the properties with my contractor before work begins.Sounds like we are on the same path regarding building the portfolio and preserving cash.  

Yesterday was a travel day for me.

Even people with money and live on the road traveling are technically homeless and use an address somewhere to get mail. 

Also, if anything ever happens, like say a fire starts in the basement duplex and travels up the stairwell you illegally built killing everyone inside, then you are not only talking financial liability but criminal liability as well.

Bets are on her wanting to go travel around for a while.It's a 3/1 on about an acre of land, mixed zoning in Lakewood, CO just west of Denver.

Another word of caution, good contractors are really hard to find and your NYC contractor probably won't want to travel to NJ.