They demand the highest rent and therefore attract white-collar, high-income professional tenants who are “lifestyle” renters by choice.

Quote from @Sam Evrard: How do you go about finding areas to invest in with limited capital? 

However, understanding the passive activity loss limitations is crucial before making this investment.

Lending capacity should only matter to those with large borrowing needs and require large legal lending limits but that wouldn't apply to hard money lenders anyway.

Plus, if you’re also thinking about a lifestyle element, who doesn’t love living near the beach?

Just ensure to complete necessary due diligence - this can include, but is not limited to, title search, property inspection, appraisal and/or survey. 

The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.

Most look at a Certificate of Insurance and confirm coverage limits but best practices are to (1) become added as additional insured under contractors policy and (2) understand coverage exclusions which are not going to be detailed on an insurance certificate.

The only thing propping them up and forcing them higher is our monetary system and governmental regulations that limit competition in the market place. 

This limited inventory will likely continue to drive prices upward.Sales - Median $/SF by MonthThe $/SF decreased slightly MoM, conforming to the seasonal trend.