If price gains have outstripped wage gains by a wide margin (> 8%) for 36 months straight, you maybe can still proceed... but with caution.

I have 5 properties of my own listed there, and I currently manage an additional 25 listings for others on Airbnb (plus VRBO, Booking.com and Furnished Finder) as a licensed real estate agent.

I have noticed that many areas that are least volatile during recessions also have the largest long term gains.

Additionally, our agreement allows us an additional 60 days in case title is not clear on the day of closing.

If so, there may be additional fees for services like dynamic pricing or property management systems, especially if you plan on listing on platforms other than Airbnb.Even if you’re going to clean and manage yourself I would get in the habit of paying yourself a cleaning fee so that if you decide to outsource that you can still cash flow.I know the market can be tough at times to find the “right” deal a “good” deal but with patience you can stay in budget and achieve a higher ROI, COC and ROE.

Another good example of government sanctioned theft, in addition to why people in CA are moving to Texas. 

It sounds like you plan to use it yourself in addition to renting it out so you will get some use from it of value.

Been following along on BiggerPockets for a few years now and have gained tons of knowledge from everyone sharing experiences on here so I appreciate that.

Since there is no benefit, there is no reason for a broker to assume any additional risk at all.

You could potentially get 8-10+ apartments in it depending on configuration and the needs of the town for additional housing and what the actual building looks like.