Some of our clients in MN have several properties and live in another country, so it is possible.On the investment side, the deferred maintenance (roof, flooring) will eat away at your equity/appreciation; but, you have a property that cash flows.

We have been working with Devon Kennard and helping him expand his portfolio over the last several years.

My ideal location is in the middle so I'm away from severe flood risk, but still 15-20 mins tops to downtown or the beach.  

Duluth has traditionally had a strong college rental market and thankfully any small decline in enrollment rates haven't been as severe as other traditional college cities, eg.

.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally moved and invested in coastal Oregon in 2018 from Venice Beach Los Angeles partly as a result of the trajectory of climate and have assisted several clients that specifically purchased on the Oregon Coast for their own 'climate havens,' investment and future retirement homes. 

So the incentives don't truly align so you have to REALLY want to make it happen and likely do several deals to create efficiencies.

Shootings happen several times a week

The previous Tenant left the place dirty, and several rooms need new paint.

Moreover, office spaces often face more competition, especially with the rise of remote work and changing demand in the market.On a personal level, I prefer industrial real estate for several reasons.