Less oversupply with that product type and more renters that were renting the more expensive bigger cabins are choosing the lesser ones because they love the area but don't want to spend as much on rent.We've talked with several long time investors out there and there isn't a one that have held on to their cabins over time that aren't still adding more. 

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.

When you analyze a market properly (1% Rules aren't properly), you're analyzing all the properties in that market at the same time.It's even more dangerous for newbies to use any Rule of thumb.Rules of thumb are nothing but shortcuts, which seems to be the growing method of doing anything now. 

The TREC promulgated forms are only authorized for licensed real estate agents.

They don't even sell courses.So, Licensing Experts definitely aren't a guru. 

@Venecia BaezIf you can invest locally do that if not look elsewhere. 9 times out of 10 when people are stuck and unable to take action I usually see people worrying about things that either won't happen or aren't an issue.

It's not a fair partnership if you the tap the equity of their property to use together if you aren't brining any capital to the table.

When you are comparing a condo to a SFH there aren't many pros but there are a lot of cons.

As anything will have to be authorized before the sheriff does it.

Also, make sure there aren't additional restrictions on the property condition, compared to a conventional loan.