If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Think that's a different ball game than standard 48 STRs.That's precisely the reason Jason.The STR is only possible when STR is located in the tourist destination.

They value properties equipped with smart home features, such as automated lighting, thermostats, security systems, and voice-controlled assistants.

Controlled every second he could.

You have less control for this reason, and the property gets way more beat up.

You remain a bit tethered, but control the narrative.As far as improvement after the closing... 

and if all else fails simply call the state division that controls real estate lending and ask them.. 

About 10-15 years ago most counties (who control the property taxes.) lowered the values but raised the tax rates.

If its a place that you wouldn't deal with at all and only trust in a PM's word then I hope you trust that PM because they could actually end up the problem.The more you own in a lower class area the more possible cash flow you will have and the more control you'll have on upgrading the class of that area.This is based on buy and hold. if you are flipping that's another story I wouldn't go that route because people would rather buy cheap and add that savings to rehab and make another house in that area their own.

My name is Phoebe, I am half African and half German.I live in Germany, in Bavaria to be precise.