Structural repairs can be very expensive, so it can be hard for condo associations to convince members to pay for them / to save money to pay for them in the future.

If you bought the property in the last couple years the property taxes were probably artificially low for a long term owner occupant?

Even if demand isn't outrageous, supply is so low...

I asked him about it and said something about rates dropped 3 days ago  and got the low rate.

The same as interest expense and amortization impact cash flow but not NOI.  

@Joshua Postthere are lots of things you can do:-talk to a lender to find out how much you can borrow-find an agent and go look at 50 potential house hacks-reduce your expenses so you can save more each month-go to all of the local REIA meetings and find out what the other investors are doingjust because you haven't bought something does not mean you are in analysis paralysis.  

Plan to buy a combination of new construction and turnkey to avoid large capex expenses in the near term.

It’s under $500 so not an extreme expense but I argue that it falls under the NNN maintenance purview, responsibility of the tenant.

Property management was too expensive so I've been managing it myself with family assistance.

If you are looking to generate tax breaks, if the property is a more expensive one, you might do a cost segregation study and accelerate the depreciation deduction when you purchase it.