Because I have NO appetite to get into a condo at market value for a decent little cash flow when that decent little cash flow can get gobbled up with one special assessment.

Gas will require a room with fire suppression included.Size and finish of the kitchen and appliances. 2, 3, 3-1/2, 4 bathrooms?

RDPD certainly whets the appetite!

That said the "professional office" status in most cases suppresses the parking issues (again see zoning in your area) A great side note is that ADA renovations are treated very well in the tax code so often I have no issues in getting all the needed ADA Reno's done under budget.

If (s,t)he(y) simply don't have the appetite or ability to manage a retail space, then they may know best.  

Now, with the appetite for risk on the increase again, money is flowing out of government bonds and into riskier assets.Perhaps there are more inflationists out there than I thought.

Any alarm system or fire suppression system will improve your premiumGood Luck

I got my appetite whetted for RE when I put our own house (which we were renting) on Airbnb and seeing the power of STRs firsthand.Even though Austin has already appreciated quite a bit, I think it's still a great market to get into for STRs and even traditional rental properties.Looking forward to connecting with other like-minded real estate go-getters!

If you are worried about the liabilities surrounded with purchasing the property under your own name, you can increase the limits on your insurance policy similar to what @Brian Ellis said for a relatively low cost - especially for general liability.As per @Benjamin Haberman's approach, purchasing an umbrella policy will offer you much more protection than merely increasing the limits on your primary policy, however this will come at a premium price.Both solutions are viable; it just depends on your risk appetite and annual insurance cost your comfortable paying.

This is assessed more easily on a personal/individual level; there is great skill involved in tactfully developing a risk appetite profile for let’s say a pension or institutional fund, or even a potential private investor.