Pros of RE:- leverage (can house hack and put 3.5% down FHA, 5% or 10% down conventional loan if you live in one of the units, 2 to 4 unit or buy single family, live in it and rent out each room and buy a $500,000 or $1 million asset).

Here are some details: 1) The condo is in Kona Hawaii and the three of us all live in Colorado2) According to Zillow it is worth just over a million.

We attract high quality tenants. 

You may not get the same tourist volume as Pigeon Forge, but you’ll attract a more consistent, quality guest base.If you're leaning toward an MTR, healthcare contracts and university housing demand will give you a steady stream of tenants.

If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare. 

We have a large investment in question not included in the above that consists of a $3.4 million note we purchased for $1.9 million.  

The allure of fat cash flow (at least on paper) and the low barrier of entry (down payment) never stop attracting new investors. 

They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

It sounds like you stand to net (before taxes) about $4.3 million.

Those condos sell for around $2 million, but they rent for $400 a night.