It is low risk because you can use a low money down primary residence loan, you are right there to deal with hiccups as you learn to manage an STR, and if it doesn't work you can just switch it to MTR or LTR pretty easily.

@Brandon Greenplate Do you manage your STRs in Hilton Head?

The core-4 consists of a realtor, contractor, property manager, and a lender.

What do you want to manage and what area do you want to buy in?

A property manager analyzed comps and it appears that the condo would lose ~$150/mo, before repairs. 

I also own a property management company. 

G'Day everyone,I've been living and running a turnkey company, property management company and brokerage in Ohio since 2014.Just packed the family and moved to Dallas 👍More of a lifestyle decision than anything else 😁Aussie Bushman get a long really well with Texas Cowboys so I thought "why not" lolAnd you gotta love the Dallas Love airport with direct flights to my beloved Sydney, Australia.I'm not necessarily looking at doing any deals in Dallas as my hands are full in Ohio but you never know what the cat will find.I'd love to meet with folks and learn more about the market for who ever is interested in sharing 🙏I'm an open book and happy to share all of my good, bad and ugly real estate stories over the last 13 years of my business career.I smoke 3-4 cigars a day (Cigar lounge?)

If I can manage to obtain a decent unit for 90k or below I feel like I could make out well. 

I would basically do what this owner is currently doing, which is more or less property management.

There are pros and cons with them and you have to be extra careful now because of HOA poor management, etc.