Quote from @Jules Aton: Sofa struggles for me right now. 1-bd beach condo so not large family traffic. 

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

I work for a flooring company as a designer and meet contractors and people who flip homes regularly so it has me flirting with the idea of doing it myself.My question is, how did you get your spouse to be on board with real estate investing?

Once you take over a property as an owner occupant, if it is a single family or condo you can live in it for 1 year and that automatically exempts your unit from rent control.

I'm looking for a good, independent, tile contractor to help be renovate two (2) small bathrooms in my condo. 

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Welcome to the group and congrats on the condo purchase. 

My rental condo in Asheville, NC was spared damage from the flood, but when the city finally turned the water back on a few days ago, they somehow overpressurized and blew out a fitting inside a wall. 

If it is then it is a valid comparison.If it is a 2 bed 2 bath condo, then make sure you look at those comps and not the hotel.

I personally would stay away from condo-tels as they will be even worse and you'll have less opportunity to cash flow.