These are typically 'non english-speaking' neighborhood so to speak for political correctness. so parking while already become a problem, but adding ADU in that neighborhood would not become a problem because 'everyone knows each other' everyone has their own unit.But that ADU thing, is bit uncommon in 'english-speaking neighborhood' LOL, so that's where "some" people is complaining about parking space and so on and so on when one home is building ADU.For me, I prefer to have ADU on the hill side, now we have 15 car space and from one neighbor to next neighbor is like quite distant.

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?

In general, i think Stuart is correct.  

However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

Red River Gorge...New Mexico, correct?

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected. 

Correct me if I am wrong but I do not see no wrong doing in that.

Right now, we’re seeing a slight increase in inventory and some corrections in rents, which could create opportunities—but achieving solid cash flow on a condo can still be challenging.Getting pre-approved is a great first step to narrow down your options and focus on locations that make sense for your goals.

It seems the initial APR may be lower than fixed, is that correct?

The rest of the day will be seen as Benchmarking exercises: beaches and good food!