Before finalising any investment property, ask: does this property's location and type align with my actual investment horizon? What realistic rental demand exists for this specific unit type in this specific micro-market? And what is my plan if the property takes longer than expected to rent out or appreciate?
It also helps to ask what your exit options look like — how liquid is this type of property likely to be if you need to sell in a few years.
Answering these questions honestly, rather than relying on optimism, leads to more resilient investment decisions.