Great spot to get started and plenty of awesome people to help you on your journey!

This is an area of a lot of ex-pats and longtime vacation takers, or people that have rentals there.

I lent $225,000 of which $185,000 was for the purchase of the property and $40,000 is going toward renovations.As a lender I just want to get back my loan amount back (in this instance $225,000) if there is a total loss with the property.I have seen where a lender tells the insurance agent how much property insurance he/she wants based on a price per square foot calculation.On the other hand I have also seen where a lender tells the insurance agent that the amount of property insurance should be the loan amount in this instance $225,000.

Being a landlord sucks for the most part because most people go into it thinking it's easy.

Any tenant that comes in with a long list of things they want changed (not fixed) is going to be a handful. 

(But it wasn't apples to apples.)I looked at AirDNA's data recently and don't disagree with their broad picture but again, people here know that the details and other factors can tell a different story and bring success for some in the same area (comparables) and loss for others.I'm all about reducing risk and my read on climate data and global economies (& yes, politics) incline me toward continued investment in properties that have multiple channels of revenue, above a certain latitude, and more upscale.

And if you're smart about where you're buying there's a lot of potential for those areas to quickly transition to B-/B in a handful of years.A lot is happening in Detroit where neighborhoods are seeing some serious revitalization. 

That's how people get over-leveraged and into trouble.If you want to invest, do it the old-fashioned way: increase earnings, reduce expenses, save, then invest.

People do not always stick with their first thought process during times of turmoil 

People have a tendency to want to do what they know and what they like which is fine for your primary residence, but not always the best choice for an investment.