I'd just make sure any contingency with the boat is aligned with disassociating yourself with any liability; meaning I don't know what legal extent that is but get a lawyer to draft it up and have it as an add-on for the STR at a fair cost(under or at renting one). 

The other posters in this thread have covered pretty much every reason why it's a good plan to avoid buying a condo as an investment if you can.I'll just add one more that I didn't see mentioned - Condo appreciation rates are way lower than single family homes.Browse around Zillow and look at some condos for sale in your area, then scroll down to the price history.

This is ballpark what I would estimate the property at without further information.That said, it would also depend on your ability to value add on the property.

I think a prefab would be easier and cheaper then a stick built add on in general, or?

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I went with one that I can do value add on so I'm gonna try to BRRRR and refinance in November.

Many municipalities sued and they settled on; if you have a law on the books already you can keep it, but you cannot add one if you do not already have one nor can you amend the current law. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Does your homeowner insurance include zoning insurance for unfortunate discoveries like this (this is sometimes an extra you have to add on and almost no one does).