Pensacola is a great STR market, but condos can be an issue due to potential rental restrictions, condo covenants, and constantly changing rules, which could hurt your flexibility.

Tight zoning laws that restrict development and lack of construction labor in the Northeast keep housing prices appreciating over time.

Quote from @Gregory Wilson: I usually advise new owners to DYI this with Turbo Tax until they get to about 10 doors, but NYC is a dumpster fire with the restrictions and regulations they impose.

Finished basements can add value in some neighborhoods but they have to meet fire code restrictions regarding doors, windows and ceiling height.

All kinds of restrictions around. 

A lot of them have restrictions that state that the down payment has to be cash.

Make sure they meet your credit score and income limit restrictions.

Purchasing personally and transferring to an LLC later can secure better financing but may trigger the due-on-sale clause, though enforcement is rare.Alternative Strategies:Land Trusts: Some investors use a land trust to hold title while keeping financing in their personal name, avoiding lender restrictions.

Shaker seems a bit more restrictive with POS and taxes, but more family-oriented for the schools. 

How SB-423 Accelerates Coastal Development: // Faster Permitting ·For projects with 150 units or fewer: - Eligibility Review deadline: 60 days from submittal - Approval deadline, including Design Review: 90 days from submittal · For projects with more than 150 units: - Eligibility Review deadline: 90 days from submittal - Approval deadline, including Design Review: 180 days from submittal · No public hearings or environmental impact reports for qualifying projects // Smarter Development Rules · Excludes high-risk areas, like those prone to sea-level rise · Ensures projects meet affordability and public investment requirements // More Housing, Less Uncertainty · Projects stay approved if at least 50% of units are affordable and include public investment beyond tax credits · Opens up new opportunities in previously restricted areas · Clearer guidelines help developers plan with confidence