This is a truly personal decision with serious implications you should consult several professionals before you make a move.Concentration is amazing when it works; what is your edge? 

What I’ve shared is based on research and data collected so would love to know what you’re seeing personally and how it could differ!

Find better ways to get leads.Me personally...

Condotels are also harder to finance, and therefore will be harder to sell to the next person when you want to do that.  

Hi Ryan, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

If you do it correctly, there are also ways to pull-forward depreciation expenses.Whether or not all these expenses will be useful to you is based on your personal tax situation which is why you want to have a good CPA.

Personally, I get great cashflow in my NC markets that I invest in, and have gotten to enjoy a lot of the appreciation there as well.  

As for your down payment, I can’t personally speak to a small business loan…you would just want to ensure you include those payments in your analysis and prepare to be repaying the small business loan and other holding costs during the flip. 

Instead of denying them, can we refer them directly over to the owner for them to sign a lease with the owner who is willing to effectively manage the contract, payment and relationship BUT would still want to retain us (albeit for a lower fee) to deliver ONLY guest and property care activities (guest communications, organizing cleaning, lawn and pool care etc). 

Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.