When you are looking at estimated provided by the seller take them with a healthy grain of salt.

When it comes to a lifestyle property, it's another ball game and all the comments you wrote make total sense, especially for people who like similar things in life.

Here is a real life story of what recently happened in my portfolio.I received a 60 day notice that my apartment was going to be vacant starting December 1st.

Life is not static but always changing.  

As with most things in life, you get what you pay for. 

Where do you want to be in life in 3-5 years?

I wanted to create an STR experience and bring my bold ideas to life.

During the slow season, do you personally focus on getting more rentals, focus more on family/personal life, or do you do something else?

While they generally have higher market Cap Rates than Class A properties, it is still variable whether they will have good cash flow or be an appreciation play.Class C Property:Continuing down the scale, Class C properties are generally 20 to 30 years old, and pull in blue-collar and moderate-to-lower income tenants who will generally be renters for life.

I've done it twice in Reno, NV and it's changed my life.