Looks like some Atlanta condo building is fighting its residents over Airbnb ... and this building happens to be a condominium where numerous state legislators own.

Not shiny object syndrome, smart analysis of the market and application of the appropriate strategy. 

Get serious and be able to objectively demonstrate that, through knowledge and experience.Best of luck to ya!

An easy way to overcome that objection is to align yourself with some seasoned investors. 

Your objective should be to have (6) high shot prospects in your pipeline at all times.

My objective is buy and hold for the long haul.

The pros and cons of all approaches have been hashed out here numerous times and I'm guessing there are even some blog posts on the topic.

Make sure that dad understands that this could be an illiquid investment for some time (I am sure your dad is smart, but you ALWAYS want to talk through Goals and Objectives BEFORE signing). 

More expensive properties eliminate people that don't have access to funding/FHA buyers, so the competition is likely less numerous, though likely more sophisticated in general. 

@Tony GunterAround here there are numerous post-war houses which were built with no eave over the gable end - I suppose saving 12" of material for each gable added up when they were building 100 - 200 houses in a neighbourhood ;-)Depending on how much of an eave you wish to have there are two ways you can achieve it:The "correct" way:  You need to build a ladder which is cantilevered off of the end truss in your gable.