Finding something that makes sense is more difficult no matter what neighborhood you are looking in, but where you are, I just don't see any reason to add any more properties to the portfolio unless you work your way into a screaming deal.

Demand is always high in the Winter months because of the amount of visitors we get annually, so I wouldn't worry so much about a supply overage. 

12 million visitors per year right in your back yard.

As a young investor, I cringe every time I see the TEN-decade sponsors scream track record and/or experience, but let's not fool each other here, every investor started with ONE property (no exceptions) just as all human beings started crawling before walking. 

Once you've analyzed 100+ deals you'll know your market cold and you'll be able to recognize a screaming deal when it hits the market. 

Any other tenant or visitor could complain and then your building will be in code violations, not just the horrible tenants that caused the issues.When you do you monthly inspections: take pictures, look for drug related items, check closets, attic space and basement. 

It would seem your tenant already did.The best thing that happened with one of my worst tenants was when they screamed at my contractor for parking in their space.

Drop bids were also quite common in Vegas in the day.. and we would get them very infrequently in Oregon.. but its where I got some screaming deals.When the trustee puts up 300k and its no deal.. no one is prepared to bid..

In my current market as well as all other markets that I see the wholesale deal's assignment fee comes from how screaming of the deal it is.

Some people will scream saying investing out-of-state is a horrible idea, and some people do it all the time and are fine with it.