So  what happens is because the coasts are so expensive IE New York area and CA by and large and the Mid west is dirt cheap by comparison you have a legion of new investors that are influenced by what they see on TV hear from Friends etc etc that the way to get rich is with Real Estate.

You may also be subject to special assessments for unexpected expenses.Limited Control: You may have less control over the property and its management, as HOAs often have rules and regulations that you must follow.Rental Restrictions: Some condo associations have rental restrictions or approval processes that can limit your ability to rent out units, potentially reducing your income.Market Risks: The condo market can be influenced by economic and market conditions, which can affect your property's value and rental income.

Don't let Zillow's yo yo prices influence you. 

So many STR influencers out there are being paid to confuse you and convince you that you need a huge set of tools to run one or even a few STRs.I'm not saying tools can't have their time and place, but in hindsight I can say that I would advise someone to:1) start on Airbnb.  

- White collar jobs vs Blue Collar jobsE - External Influences - Industry and Job Market (Are there businesses starving for employees?)

This could influence your ability to refinance the property.Appraisal Value: The value of the property might not be fully reflected in the appraisal if there are unpermitted additions.

wrong numbers will kill deals anywhere also.and numbers are very much influenced by your marketing efforts.

Annual rental rates are sky high so I suspect I won't get as big a boost that I hope.

Renting by the room can be AWESOME for boosting cash flow, but it can also be more maintenance, management, and drama.  

I've only bought move-in-ready until now, but would like to try boosting my equity through rehabs.