Really insightful on all aspects of the topic.

Take existing material, repackage it and remove all the negative aspects, then do a hard sell over the web?

*This is the new aspect for me, so if you guys have any extra tips like "try calling the utilities rather than doing a search", or "always double check with the zoning & permitting boards if you plan on doing STR for air b&b licenses", or even seeing if there are any extraneous departments that can cause headaches later like city inspector or the fire marshal, or some other thing that would be good to know about.Thanks so much in advance everyone --Side note, it is so refreshing to come to a site where people *want* to learn about title.

Others might plan to stay longer, especially if the cash flow is strong and the property management aspect is smooth.

@Dmitriy Fomichenko's insights were valuable and served as a reminder of the various aspects involved in this type of investment, particularly the need to outsource the entire operation.

My coach was legit, and had received tons of training from Tom's team, including on-going training, access to the best experts in the US in all aspects of what you need to grow, manage, and protect your wealth. 

If you ever get sued and want to use the business as a legal shield, having a separate business account that doesn't co-mingle with your personal funds will be important when it comes to the determination of whether what you have is a business or a personal hobby (though there are certainly lots of other aspects of this you need to investigate as well).

Most towns/cities have a master plan for the aspects/areas of the city that they are actively focusing their efforts on, and are pretty thorough with specific plans for carrying out those efforts with estimated timelines etc.

I wouldn't focus so much on the leverage aspect of things, as much as I would cashflow, and that I'm buying in a stable growing market with positive cashflow.

I don't about the building aspect of it, but if you can get it done for a reasonable price, I don't think you'd have any trouble renting it out.