I'm very active—I ride my bike, walk to the beach about 3-4 days a week, and can walk to most of my workout classes.

I believe around 1k people work out there full time, so a lot of people, but nothing crazy. 

Tailored workout plans in our full home gym.

But it can become a big financial issue if things don't work out.

He has bought the land and paid for design and survey work out of pocket.

But thats only in year 1.Where things really work out in real estate investing is over time as the mortgage stays the same but the rents increase.After year 6,  that property would be worth 1.33 million (again, assuming the 4% appreciation) and they'd have a remaining loan balance of 791k which gives them 539k in equity. 

Credit ~800Presuming 25% down, but open to whatever numbers work out bestNon-owner occupiedLong distance (no specific geography selected yet)Professional managementLeaning towards MHP initially, but open to apartments if the numbers workPriority is maximizing cash flow, especially in the first 1-3 years

@Alex Perez  aside from the advice you received already pay attention and get a good fabric on your furniture.

Depends of course on how the deals work out.

If you're only 1.5 hours away and need the condo for personal use, it would probably work out nicely for you to self-manage.