We should be more concerned about losing events like outdoor retailer which was a regular event that we didn't have to build an almost useless light rail to support...Completely unrelated to RE - traffic throughout the entire valley was a freaking nightmare for years leading up to that event (we have what appears to be an addiction to I-15 construction here so we've decided to continue snorting lines of orange cones pretty much since that construction party started decades ago).  

I think though, as we have stated before, having a competitive advantage in a market is pretty crucial.

@James Pettinelli as others have said, your PM team is crucial ESPECIALLY for OOS investing.

This is most likely your biggest blind-spot, so seeking someone you really know or trust here to watch your blind spot is crucial.

Stay up-to-date with the latest trends and regulations, attend conferences and seminars, and subscribe to industry publications so that you can stay informed and knowledgeable about the latest developments.Networking is also crucial in the real estate industry.

If you're considering this investment, it's crucial to clarify this aspect, especially given the implications it has on the actual value you're getting.

(@Paul Sandhu is an expert at this but I suspect his demographic is very different from what you'll get in Orange County)What I have to add is: see if your homeowner's insurance policy offers a rider for short-term rental usage.  

Start with smaller decisions and work up to larger ones to build confidence in your judgment.Remember that while thorough research is important, there comes a point where taking action is crucial for progress.

Understanding the timeline and being patient is crucial for those who choose to work with Section 8 tenants. 3) Tenant Stability: It's worth noting that Section 8 tenants often stay in properties for an extended period.Your mention of the Baltimore market's unique characteristics, especially regarding the risk of squatters in vacant properties, is a valuable reminder.

He is a wealth of knowledge when it comes to all aspects of real estate and he's been incredibly patient with me, which has been crucial leading up to this deal.