I downloaded the STR Insights 2024 report and am looking through that, but combined with using AirDna's data and asking myself "where would I want to vacation" I'm feeling a bit of analysis paralysis.

Street parking is not an option.Second, I am comfortable with traveling nurses as I feel there is a certain amount of safety with that profession, but I work as a firefighter and am gone for 2-4 days at a time and am cautious about who will be on the property with my wife and children.

You agree to only invoke your inspection contingency if there is a repair over $5 - $10k or the total is over $10k, or whatever number you feel confident with.

@Rajesh Rajendran Feel free to DM me with any questions! 

Some say to never tell them and let a real estate agent show the house and what not, but I feel that I would have a hard time not being completely transparent with my roommate.

Feel free to hit me up and I can help with your financing.

After seeing a few podcast episodes where folks talked about feeling like they had their lives back, it really hit home and I want to explore if this can be a way to do that.

Personally I think I don't want to deal with pets because a) it's a condo complex and I would feel bad for the neighbors if a dog was sitting in the unit barking all day while the family was at the beach, and b)  I live 900 miles away and would not be available to assess any potential damages incurred by someone's pet.  

Sure, my 401K (which has now been converted to an IRA due to employment change) will come back eventually but I'm not getting the benefit of the monthly rental income it it was invested in a rental property.I do realize that I may have periods where I won't have a tenant or will have to cover some property damage but I feel like I'd rather take that risk than watching my IRA lose 20% in a matter of months.BTW I use property management companies to handle my rentals.

My thinking is account for all expenses and hope that it being a new build will save me some time before having to perform cap ex style repairs (I do have about 50K cash on hand after the closing of this property so i feel comfortable with handling curve balls for a few years) New Build structure and neighborhood/school gives me hope that in 30 years i can still command a decent rent on a property 30 years old instead of trying to take something from 1970 all the way to 2055 and still get decent rent out of it .