This residency requirement would apply for a specific period, so it's important to be aware of its potential impact on your plans.Its important to carefully evaluate the distinct investment opportunities offered by Colorado and Florida.

I reside in Massachusetts and my boyfriend and I want to purchase a vacation home in a specific resort in Davenport FL.

While I do not know the specifics of the purchase or exact location, I understand the Philadelphia market well enough to place this property in a lower tier neighborhood based on the ARV Mario shared.

This is actually an interesting view, and admittedly I know nothing about this specific industry.

Specifically: skipping RLMO, having a balloon payment, and prepayment penalties.

I have a specific dollar amount that I keep in there for ordinary repairs, emergencies, or capex.

Another twist to mitigate would be to build one of your homes specifically to use as a model home. 

All it takes is 1 or 2 dominos to fall in a specific market that could trigger action but agreed the banks could be propping this up from happening.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

When it comes to targeting specific renters, a pool will be favorable in terms of attraction but will not always have a great ROI as others have mentioned.