Greetings everyone. I'm new to the real estate profession and looking to observe, learn, and get to work. Any guidance is welcomed.

I can't help but think there is something more malicious here than just a bad investment by looking at the facts.

I have been doing some research but hit a road block. 

Even in the “gentrified” neighborhoods of Federal Hill, Fells Point, Canton, Harbor East, desirability can be very block by block so you have to be careful that you understand these neighborhoods (and blocks within) somewhat intimately.

. $1.5MThis property is located just a block and a half from the beach in Carlsbad, making it a prime spot.

It's data + personal preference + which way is this block trending (D+ to C or C to D+).

Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.

Depending on the construction of the building (block or stick, etc), you will want to test the connection strength.  

Block.

Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.