I'd say your resale opportunity and retail buyer pool are likely a challenge.  

It isn't about return; it is about capital preservation.It will be interesting to see how the NYC luxury condo market fares now that we are starting to see the international buyer pool cool down a little bit.

The “my own backyard” doesn’t apply to me.

This property has a fenced in back yard but is a duplex and so the yard is shared with the other tenant.

However, on the exterior, I have privacy fenced back yards with designed landscaping, which might get damaged by dogs. 

Granite's model was to buy the tail end of pools from institutions, mainly Citi and offer them under a stressful sales environment.  

Stainless steel appliances, patio balconies, two car garage, very nice finishes.TH amenities include resort style pool, cabana, and views of Kyle Field (Aggie football stadium)Purchase Price - $249,900Financing - 100% financed w/ VA loan, no money down, 3.5% Rent - $2500 Mortgage - $1123Prop Taxes - $447 / monthInsurance - $57 / monthHOA - $170 / monthVacancy factor - $250 / month Repairs factor - $100 / monthCash Flow - $356Cash ROI year 1- 34%Total ROI year 1 - 111%Please let know your thoughts or point out anything I'm not thinking about....Thanks!

Then it is off to commercial, or just pooling cashflow and paying cash once or twice a year after that.

I had an ancient sewer main collapse at a home in Tempe and had to trench the entire backyard. 

Potential partner is a Developer/GC, I have a pool of investors to draw from.