Some are chasing yield and RE has been opened up to vast swaths of ppl since 2008 to the increased financialization of our society.  

But, the main difference I see is I average about 2.5 years per tenant vs a weekly (my perception) STR.

And that is that real freedom requires wealth, and in a capitalist society the only people who can attain that are entrepreneurs and investors. 

I highly recommend it as an honorable and value-add-to-society profession.

I inquired at the local historical society, it’s a small town, and was told there had been a fire there in the 50s and the family had rebuilt.

I know we live in a very litigious society, so what are your thoughts on how close you get to your tenants?

What cannot be assessed is the realistic projection and local perception of the location of the property.

That's how societies are supposed to work.

A project like this is all about PERCEPTION more than price.

In some cases, once you take vacancy cost and association fees into account, it may not be possible to make an acceptable profit.Maintenance CostSome people choose condos due to the perception of low maintenance costs.