I guess the main danger is just investing with the wrong people?

BUT, they can be very dangerous if you don't know what you are doing.

Your ego seeks comfort more than anything else and avoids danger at all costs.

With that being said, you will be running into fewer owner-occupant buyers in the winter, so you should have a better chance at finding some deals. 

Don't get me wrong, a lot of these apartments are nice and have lots of amenities, but it still does not justify the price when you can get into something nice with fewer amenities for maybe half that price & more square feet of living usually.When you're in a massive complex, property management from my experience is usually very sub-par or almost nonexistent, it's hard to get answers to basic questions, you have tons of neighbors, no privacy & usually no yard (maybe a small balcony) For other reasons stated above, that is why people will always rent from non-traditional apartment complexes.

Inventory-wise, we are still in a seller's market and it's the lack of inventory that is keeping prices propped up but with fewer properties going under contract year over year and month over month, inventory should start to increase slightly.

Specifically how to anticipate appraisal value post-reno with far fewer comps?

Maybe also consider deactivating and reactivating in February if you can afford to do soThis advice to buy now and refi later is dangerous and based 100% on speculation.

Not everything is dangerous in a home. 3.

-Because there are fewer "moving pieces" with a HH compared to a more complicated strategy (like a flip or an STR), it's easier to analyze the deal, it's easier to create an accurate financial model, and there are less opportunities for failure.