I guess my point is current trend is not the forever trend, and while in a strong economy the HOA is strong, what would happen in a weak economy when 1/3 of the owners can no longer pay the dues (the dues will increase as I have seen in several different communities we own in during 2010). 

Currently, it's a hot and trendy neighborhood.

When I show apartments to prospective tenants I like to dress business casual - dress pants, nice shirt, leather shoes - not too formal and not in old jeans and sneakers. 

Just starting out and I have this idea that purchasing a town home from a builder would make for a great rental.Pros:- reputable builder- growing area in west Ottawa- trendy, new outlets, lots of new development- attract high level tenant- good for buy&hold long term Cons:- wait for closing- might be tough to rent if cannot show- lose most profit as it goes to the builder- would need a larger than usual down payment (30-50% +) to cash flow *also I am completely new at this and only see it happening with a JV partner who provides the capital.Can this strategy work?

I can't even buy sneakers till I get the rents from my new tenants.....then i rush to the apt and hand deliver my notice of change of ownership and ask for the rent if I didn't collect it at the closing table.  

Granted, everyone has their own needs and wants, but in my opinion, if you can get over not needing to live or invest in the more trendy affluent areas, there are some opportunities to be had for those who love SoCal and want to lay down some roots in this city.

Hello all,Would really appreciate some advice from experienced investors, particularly in the Coachella Valley area (Palm Springs, Rancho Mirage, Palm Desert, La Quinta, Indio, etc).This area is going through a bit of a transition - it's very trendy, and it's full of airbnbs, but city laws are getting stricter on these and they're issuing less or no permits in most cities.

Nightlife and Culture: Between the vintage shops, Cuban cigar stores, and nightclubs, it's both trendy and cultural.Potential for Growth: As more young professionals and businesses enter the area, there's potential for real estate appreciation.Seminole Heights:Hipster Heaven: This area is all about vintage vibes.

In my area the  trend is slowing down.

However the clear trend is that banks always list REOs.