I spoke to my realtor about it and he advised against buying a condo due to the following reasons:1) HOA associations can place curbs on the number of units that can be rented out2) Rental rates will go down as newer condos come up in the same area3) HOA fees eats into the cash flow4) It has poor appreciation compared to single family homes in the areaI did the math for a single family home in the alum rock area and it came out to a negative cashflow of 600 bucks a month ( 800k purchase price)  which is not something I can afford at the moment, so I would like to start off with a condo if possible.I am hoping that there will be some appreciation (better than most markets outside the bay area) long term. 

Hi BP folks - Seeking options/opinions from the forum here.I am a passive real estate investor & I own a property near Little Rock , AR.

I have a client who's been doing just fine with his Airbnb in District III, right out by Golden and close-ish to Red Rocks.

What are the depreciation schedules for landscaping (rock and matting) and windows?

If not, I would waive you off of this project unless you have a rock-star team ready to back you.That all said, with great risk often comes great reward.

.• Mirage is offering free parking and other benefits to Nevada residents who sign up for the Mirage-Hard Rock Unity Rewards card.

I get that it somewhat gives you two rentals... so yeah, there's that... but from a family perspective, I think you are better off not rocking the boat by putting your grandmother (and you) in an awkward situation.  

Sounds like you are stuck between a rock and a hard place.I love that area of Chicago and completely see the gentrification happening as you mentioned. 

I am currently just starting out, and going crazy trying to pick the most effective tools to really Rock, and nail down some clients.  

Hello Little Rock BP community,I purchased my first 2 rentals out of state last year in little rock, AR.