However, if that area is being passed over for other more progressive and upwardly mobile (pun intended) areas I'd proceed with extreme caution unless you want to end up being a slum lord.There's an age old adage in this industry, "The higher the rent the lower the value of the home goes".

Hello,I have the possibility of investing in an industrial condo located in Florida.  

I have a list of some local CPAs as well as attorneys that have real estate listed as a specialty, along with every other industry on the drop down menu of their website. 

http://www.alicetx.com/news/20161117/refinery-in-d... http://www.caller.com/story/news/special-reports/e... http://www.bizjournals.com/sanantonio/news/2016/11...OIL INDUSTRY CYCLE IS HEADING NORTH IN 2017 http://money.cnn.com/2016/07/06/investing/us-oil-b...http://res.dallasnews.com/interactives/border_ener...http://www.naturalgasintel.com/articles/106512-gol...Nic GreenInvestor/wholesaler

Prior to my market study I thought Hollywood would be a great idea because I am always going out and see a lot of young professionals and those in the entertainment industry in the scene.

If you are looking to raise capital, or apply for a loan, you will need to contact one of the industry consultants to perform this for you. 

According to my lender, I will have to live in the property for a minimum of 1 year before I can move out, buy another property to use as my primary residence, and transform my original property 100% into a rental.  

Now, I'm beginning coursework to obtain a minor in real estate (in addition to my major in Industrial & Labor Relations and 2nd minor in business).

I work in the oil and gas industry and I'm very interested in RE investing. 

Someone getting into REI using the STR to create a positive cashflow can only expect (2) as a natural result, not only from the community taking action against businesses operating in residential neighborhoods, but also economic reversals where the travel industry takes a hit.BTW: Tourism has been with us since the automobile and communities thrived a long time before the advent  of STRs.The NIMBY principle is heavily at work on this subject and historically, has been effective and successful in managing change.