It's also very easy to make stairs covered with a runner the centerpiece of a simple insurance con with a starter email that looks exactly like this one.

This way I get to see inside just about every room, and I also make sure the HVAC is properly maintained. 

A couple books that can help you get are in the proper mindset are rich dad poor dad and richest man in Babylon.

Easier is in quotes there because it wasn't easy. 

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

Or is it a easy target

Pick a name that is easy to spell, no numbers because you will always be asked - is it the number or do we spell it out?

It's too easy for the novice to miss something such as a defect in the title chain or a lien (mechanic's, municipal, etc.) on the property. 

Ideally, find a partner with experience so they verify the deal is solid & can help you manage the deal properly.

I know how buying a house for a primary residence can become an emotional decision which increases the amount a person is willing to pay... but with attempting to pick up a long-term buy and hold, at least in my experience, the profitably is largely determined at purchase (and of course subsequent to this, proper tenant screening and management of the property).