Pensacola is a great market for investing and the number of properties available right now is up so there are actually some on market properties with potential. 

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

I recently did some data crunching on Zillow's public datasets. I wanted to see what markets have both a relatively high rent-to-price ratio and high appreciation. I came up with this list:region-name:mean-appreciatio...

I see a lot of potential and I'm looking to purchase my first multifamily duplex in the uptown area.

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

@Dean HalpinI’m not an attorney and can’t offer legal advice, but this situation seems to have the potential for a lawsuit for unpaid wages.

I see potential hurdles when it comes to resale but who knows what the future holds for these type of properties.

.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

Also if you have significant wealth, using a good PM mitigates potential risk and headaches.

If you are organized enough to forsee hang ups and talk with your GC about potential challenges on a regular basis, two brains are better than one.