I own 5 cabins in PF/Gatlinburg. 

The current owner of the unit (large property management company in Manhattan) also owns 7 other units in the building and is partially responsible for the HOA arrears.  

i.e. areas where the space hasn't completely been taken up like Manhattan and there is room to grow and active developments?

I am an associate broker with Exit Realty in Manhattan, and have been in the business for 6 years, however, still no investment portfolio...we're working on that!

Additionally, the amount of rain causes a lot of issues with housing foundations.That being said, if you find yourself stationed in Fort Bragg invest (southern pines), Fort Campbell invest (Clarksville), Fort Riley invest (Manhattan), Fort Benning invest (Columbus).

My day job is a network engineer at a large IT firm in Manhattan and I am looking to begin my real estate investing portfolio on the side.

Why don't both of you come down to one of the Bigger Pocket meet ups in Manhattan.. and we can all discuss the dream towards financial freedom and exchange ideas.I noticed lots of folks doing this on part time basis and infusing their knowledge and expertise into real estate outside of their full time job... 

You couldn't pay me to live in a Manhattan penthouse, yet people pay 7+ figures to buy some of them. 

All of a sudden it's not about supply and demand so much, it's about the almighty dollar.This will/should bring down that $PF number, so maybe a better for an owner wanting to build (as long as they have the money and are willing to spend it right now)Fortunately it only lasts for 4 or 5 years and then we're back to normal.

I'm a real estate agent doing residential sales in Manhattan, and a beginning investor looking to invest out of state.