Do you live in Melbourne and are you familiar with the area? 

Millennials prefer spending on experiences and there is a general shift away from 'things' to living life in a broader way with Instagram selfiesCONCLUSION: Travel and leisure growing at twice the rate of GDP is intact as the longer term trendA counter point to these three favorable points is that short-term (urban) and vacation rentals (destinations) have taken market share away from hotels and this appears to be a permanent trend. 

If you haven't registered for BPCON2024 yet, we're live! 

In my mind though, since I live in NY, own the property in NY, doesn't it fall under NY laws anyway?

We've all seen the potential benefits: faster construction, potentially lower costs, and the ability to design unique living spaces.

Is that what we have here, people dolling up the units- value add- and collecting the extra rents, or are the renters paying higher rents for a more low class living experience?

I live in the outskirts of Mechanicsville, VA just outside of Richmond.

First time looking at investing property outside of where I live, curious to know exactly where I should invest for rental property and should I buy a multiunit?

This person lived in the Bay Area.

I have offered both to buy them a condo to start, but they aren't ready yet so one is renting and one lives in an ADU on my property.Single-family is strong and smart, but I like condos for younger kids because the HOA saves them of all the things they don't know how to do.