Quote from @Brandon Knight: Hello,I am a new investor in real estate and am trying to figure out the best route to go in how to scale and own multiple rental properties.

Yes because of the HOA fees and rules, but also because then you are competing directly with the hotels so like @Jake Knight said why bother?

Black Knight is a program relied on by lenders, to initially value the property. 

Some interesting data points from Black Knights (not Batman) Mortgage Survey as of May 2014:Foreclosure starts rose by 9.5 percent in May, the first such increase in eight monthsOverall, year-to-date foreclosure starts lowest since 2007; down 32 percent from year agoNegative equity down to 8.9 percent of total active mortgages; nearly 80 percent of seriously delinquent and foreclosure inventory underwaterSo I would argue, that while your comment has some truth, we seem to have "made room" to work through some more foreclosures.  

I thought I'd share this information from Black Knight Financial:December 22, 2022 Data & AnalyticsPrepayment activity in November dropped 15.6% to a single month mortality (SMM) rate of 0.40% – once again marking the lowest rate on record since before 2000 when Black Knight started reporting the metricThe national delinquency rate rose another 3.5% in November to 3.01%, up 10 basis points since October, driven by a 31K (+3.9%) increase in 30-day delinquencies and a 25K (+11%) rise in 60-day delinquenciesThe delinquency rate in Florida rose another 18 basis points in the month to 3.60% as the impact of Hurricane Ian on homeowners’ ability to make mortgage payments continuesImprovement among seriously past-due loans continues to stagnate, with the population of 90-day delinquencies ticking down -0.2% from the month priorForeclosure starts rose again (+19%) on the heels of October’s increase, but the month’s 23.4K starts are still below the recent high seen in June 2022 and remain 30% below pre-pandemic levelsForeclosure was started on 4.3% of serious delinquencies in November, up 7 basis points from October but still 44% less than the rate seen in the years leading up to the pandemicActive foreclosure inventory rose 5.3%, though 2022 volumes remain subdued after the record lows of 2021 due to widespread moratoriums and forbearance protections

Best of luck and go Knights!

CBRE, Cushman & Wakefield, Newmark Knight Frank, Colliers, etc.) and see what properties they have for sale. 

@Jake Knight I had made a cash offer on an REO, which other people had bid on with conventional financing.

Thanks @Jake Knight!

The house is located just south of Briley, between Knight and 24.