It's located in an okay neighborhood, not the best from my standpoint, but is close to a main street and an university (12min walk). 

Hold & Buy investors who want to partner up with me to purchase properties in LA, Santa Fe, Lake Arrowhead, Joshua Tree and other lucrative locations where rents are constantly going up and the cash flow is decent.2.

If you're buying in multiple locations how would you build your PM company?

Go with the applicant that you feel visualized themselves in the house during the inspection...did they look at outlet locations?

So the only question is, does the Market Rent for that location and Type of Unit cover the HOA, plus Debt Service, plus whatever other Expenses need to be paid..Because if it doesn't, the Landlord is in for a world of hurt!.

The location is on a block with majority single family homes and close to transportation.  

I can only assume its located in a rapidly appreciating market where investors are willing to suck it up for a couple of years and let price appreciation do the hard work for them (always a risky gamble in any market).

Time, money, location, & network.Since this is on the multifamily forum I will assume you're talking about being an investor in apartment buildings. 

one large disadvantage  - if you need financing on it  - loans are not the easies to locate for condotels and for the options that  are out there - pricing is higher than " normal pproperty

I am located in northern New Jersey and am looking for driven and hungry individuals to help me assemble my best RE team.