The neighborhood its in is South of Main.

My wife attended school in the small town and is familiar with the area so that helps me to feel more comfortable with understanding the area and neighborhoods.

Fortunately, the Short Term Shop teaches you all of these things once you are under contract and through the inspection period.  

A lot of first-time buyers don’t realize just how much those monthly fees eat into your bottom line.If you’re dead set on owning in the city, you could look for a smaller unit in a less flashy neighborhood or maybe even a sponsor unit (no board approval).

Our renovations to this property will change the trajectory of the neighborhood that it is in as it will be the best on the block so I still feel good about a significant ARV without the studio and additional bathroom, but again just trying to make the smart decision for the long run as we don't wish to sell, we want to keep it as a long term rental.

Then you put it up on the market to sell at a greater markup then the wholesale exit.4) If the market is right, neighborhood right, economy is right, the project cost makes sense, and the comps show that if you miss your exit sale by 15% that you still do well. 

I'm the only person in my immediate circle that invests in real estate and it would be great to connect with people investing in the market so we could talk shop, commiserate about the ups and downs and just talk to people who speak the same language.

If you ever want to chat about neighborhoods, deals, or just share salsa spots in the city, feel free to reach out.Wishing you tons of success on your investing journey!

I’m looking right now for a project in that same neighborhood.

Which market you pick does not matter that much as who you work with (you are already on top of that) and how much YOU know about the market, which links back to physical access, in your case a direct flight and the ability to spend some time to learn about trends and neighborhoods, physically see some properties.The single best metric to qualify agents is production: 6 deals per year are average and indicates very little knowledge, over 15 is better.