Buffalo is a great place to invest, but understanding that neighborhoods change extremely quickly is paramount to your success.

In this type of situation, they want low interest rate with low down payment also.

I think there's a pretty low bar for competency in the management business because it's not glamorous and can be a grind.

The downside is you would inherit their very low basis.

It looks like you are right to be concerned about the low season as occupancy drops below 50% for most of the year  

Are there any specific neighborhoods you are targeting? 

Quote from @Bonnie Low: It doesn't have to be condos or apartments necessarily. 

I would say you're rolling the dice with that neighborhood and the street trying to push LUX.  

A full gut and roof HVAC windows etc for 100k seems very low.

.* Property in a flexible market to switch the rental from an STR to LTR (if STR doesn’t work out).Questions:* What are the prospective neighborhoods or areas within and around Houston for STR investments?