According to Anthony Ascuitto the developerCons: it’s new and not established.

Consequently, a management company with an established base can afford a higher lease than someone who doesn't.

throw another shrimp on the barbyget it donepull equity out of your investment and investtake a long shot, a gamble, a real hooker- play it down the fairway as far as you canyou got thisenjoy

Berlin has firmly established itself as one of the most popular destinations in Europe for international tourists11.Berlin Real Estate DevelopmentRegardless or of tourism, the main driver is the solid employment market and healthy local economy.

If you go to an event or two (such as the established monthly meetings for NSDREI, the BP Project Meetups, or the BrewRE events), you'll see 3 or 4 HMLs networking.  

The key to this is establishing how much the land value is, as a portion of your purchase price.  

@Alan RoebuckYou should building into your lease how to establish pro-rated. 

There is also nice landscaping around the periphery, old growth in an establish neighborhood, and a common deck area which was nice too.

If you could add value to an older home in an established suburb like West Bloomington or Edina and are planning on staying for the long haul, you'd be able to ride out pretty much any dip in the market.

Definitely a gamble, but cool idea for a STVR.