My lease also contains the following:"In the event that the premises are located within a community with a condo or homeowner’s association the Tenant and the Tenant’s guests, employees, family members and other invitees of the Tenant shall comply with all association rules, regulations, and requirements.Landlord hereby notifies that the Premises are located within the <condo name> Condo/Homeowner’s Association and that this Lease, the Landlord and Tenant, Tenants’ guests, agents, employees, visitors or family are subject to all terms, conditions, provisions, restrictions and rules as the now exist or may be adopted, modified or amended by the governing Association.

Lured by beaches, Hollywood, and Universal Studios, leisure visitors remain the primary travel segment to the market.

@Cindy Schneider your tenant is responsible for rent until you can find a suitable tenant to replace him, whether that takes 2 days or 2 months.

Could someone provide guidance on suitable cities or locations for this type of investment?

I ended up creating my own team after not finding a suitably property management company for my investments.

You could meet your required return off the interest and have the cash available in a few years if you're banking on rates being more suitable to buy at that time. 

There is nothing worse than beating your brains out to find a suitable property, working 6 or 8 months with contractors, suppliers, and the city, and not earning anything close to what you should.

IRA proceeds also are only suitable for certain assets such as real property, and are not permitted for investments such as private lending.Disadvantages to funding through a qualified 401(k) plan include a loss of opportunity to benefit from the growth of the account when you withdraw (which is why you want your money to grow while you spend it, which we will get into in a little bit).

Not all homes are suitable.

We have an 8-inch reflector telescope that has intrigued visitors.