I’ve had many properties that over 10 years rental rates increased significantly, turning a break even cash flow into a cash cow.  

This includes rules for behavior, use of amenities, noise levels, and any other guidelines to ensure a positive experience for everyone involved.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

These expenses include utilities, insurance, and depreciation.

I remember those 35 acre ranchettes was very popular in the day.. not sure why 35 acres and not 40s  as you could break down a section  ( 640 acres) in even numbers 320 s  160s  80 s 40s 20s etc. 35 always struck me as odd and you would see them advertised in hunting and fishing mags..

DSCRs are long-term loans, so if you pay off the loan (this includes a refinance, not just a sale) within the time that your prepayment penalty is in effect, you'll get hit with a fee.

That study did NOT include the impact of yield maintenance.

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

The renovations included new flooring, fresh paint, a new HVAC system, updated bathrooms, and the addition of stainless steel appliances and granite countertops.