Think about things that might affect your investment, such as prospective regulatory changes, economic diversity, and employment stability.Personal Preferences: Consider your long-term goals and desired way of living.

Of course this can change if you decide to move to a low cost area where this cash flow goes farther.

The tragedy of a drowning or near drowning will change you forever even if you weren't at fault. 

There have been a few condos go on the market lately at Alpine Village but they go fast and usually for around the $600,000+ range for a 2bed / 2bath, 1,000 sq ft place.

has muched changed since this time?

If you bought 300 sf less than you thought you were buying, the only practical thing that changed is that you paid more per SF than perhaps the property was worth on the market.

As you plan to reset and pursue your goal of attaining $5,000/month in positive cash flow with decent liquidity, partnering with other investors could be a valuable option to consider.There's a famous quote that says, "If you want to travel fast, travel alone; however, if you want to travel far, travel in a group."

For example, if they change jobs put the new employer info in your file.

We focus on building multifamily and taking on house hacking projects.Phoenix has a water shortage so recently changed some laws to make guest houses or additional units more acceptable.The bottom line is, once you decide what area and what type of main house you want, go search for a good deal and then add a little value for higher rents. 

I'm sure that's exactly what happened and why they changed the rules.