., index funds or REITs) could make sense, especially since you may need the capital for a future primary home.Keep in mind factors like potential future appreciation in Scottsdale, tax implications of selling, and the reliability of tenants if you hold.

But I am still shopping before making up my mind.

I'd like to understand @Devin James, from the domestic developer mind of things; If there stands a confusion, lack of comprehension on how to address housing compilation in a given region, city, MSA etc., why not look to Europe? 

As previously stated, do your due diligence work and keep an open mind.

As for valuing the property, keep in mind that the properties are valued based on NOI, just like any business. 

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

For people who do not mind paying $100 or more a night when they see what fits their buy box, their time is more valuable than searching on airbnb for multiple hours to save $15.

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

Finally, who have you interacted with from management and what, in your mind, would make communication, functional?

@Dave Foster you seem to be a pro in this area, would you mind sharing your view on my parents' situation above?