I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment. 

Finding deals through agents on the MLS is going to be much more competitive & it can be harder to find deals where the numbers work.

How does your property compare to local competition?

There is less competition now and the saying "Don't wait to buy real estate, buy real estate and wait" ALWAYS holds true!

So spend NO money on advertising and use that money to make our product stand out.. this has led us to raise our prices Far above our competition more than makes up for it and we sell them as fast as we can build them.. for us thats delivering 2.5 homes per month. 

It's a former adult care home, so the layout is shared bathrooms, and this would allow me to not have to change the plumbing layout while offering a competitive price-point and unique experience to travelers.

What are some key selling points for investors and tenants that you communicate to differentiate your property management business from the competition?

Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market. 

With your background in real estate investment and home building, you’re already off to a strong start.As a real estate professional in DFW, I know how competitive our market can be.

They offer potential without the heavy competition of more established markets.