Be familiar with the tenant laws of the state you are going to, I think WA is one of those states that favors the tenant heavily which can sometimes create headaches with managing!

I am giving up my 3.5% interest rate and not to mention it cashflows, for a multifamily in coastal north county san diego that is heavily negative initially, for the better appreciation of value and rent in the long term. 

I follow the spending advice in Set For Life and How To Invest In Real Estate, which is (paraphrased heavily by me) as follows: Don't forgo spending money on things that you really want, just know the costs.

I was following along happily here until @Ivory Hayes idea of finding seller financing was dismissed completely and you can't wait 12 little months to refi.    12 months in the long game or real estate is a blip.If you are buying a commercial asset like a 5+ unit apt building, the financials of the asset will count more heavily towards qualifying.  

The most successful places have heavily themed rooms and the like.

The Orlando Disney market is heavily saturated in the smaller size properties (4 bedrooms or less) rented on Airbnb.

When we moved to TC, we dove right in, networking on the weekends and got heavily involved in our community to successfully open our health center.

I don't own there but looked heavily into it and the returns weren't there. 

I was also disappointed that they included so many locations that were heavily regulated. 

I will toot my own horn as I have real estate experience and invest heavily in notes and will tell anyone you are 100% of the time better off selling your home outright to someone rather than seller financing it over the long term.