The more you have saved, the more options you'll have.The road won't be easy, but it will be rewarding in the long term.

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.

Places like Tampa, FL, Boise, ID, Asheville, NC, Detroit, MI, and Columbus, OH are seeing growth in tourism and demand, making them great options for STR investments. 

Absolutely sounds like a good option!

However, if you overthink it or waste too much time listening to YouTube gurus, the options and details become overwhelming.1.

Both still have value, but you have to know you are looking at third or more serving options in these places.

As for legal action, we're exploring options for misrepresentation and considering a report to the local board if warranted.

You could hire property management and probably still do well although I am not sure of the options in that city.- If I use a 1031 Exchange, does the next property also have to be a duplex?

@Travis Boyd Outside of instances where FHA or other extremely advantageous financing options exist I am a proponent of the LLC for investment real estate although the liability piece is overstated.