Just my two cents, and best of luck to you!

More than anything, I imagine it's a game rooted in persistence and casting a wide net.

She is a single mother of two children.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

ADR and Occupancy are two metrics that will be a good gauge from market to market to determine if condos are more or less in demand than in another market.

My family will get several weekends of usage out of it, but most of the time it will be used as a rental.Mortgages on second homes are a full two points better than an investment property.

But my topic comes from listening to a small panel (two operators), both with multifamily portfolios in the billions.  

You typically fall into a deal or two at the start, but then you have to really go to work to keep it going.Biggest mistake most investors make is assuming all properties perform the same, regardless of location, tenant pool, etc.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

I'm 31 years old with two properties that already cash flow very well.

You have $40,000 of positive taxable income on two rentals after depreciation?