No one can predict the future but generally speaking you are probably fine over the long run.Did your Realtor not mention the proximity to the freeway?

Keep up the good work over there at DM and keep adding new data, it's very helpful!

If you allow this to continue, they will only get worse over time, and your losses will increase.I suggest you hire an attorney.

When it was all said and done I still ended up being able to pull about 5 to 10k more out of it than I put into it.Current mortgage including taxes and insurance is $1,519 and it's currently rented for $2,546/month.Yes, you can buy a house at auction that you then flip and sell for market value.And yes, I have participated in online auctions.This reply is over a year old, but did you have the hard money lender you were using already in place before you bid?

I can't count the number of times I have seen investors stumbling over dollars so that they can save pennies in taxes, and in a variety of ways.

So no Board, nothing to manage except State law...the organization docs for the HOA should have identified when the developer maintained control, the terms for it to be turned over and at turnover you would establish a legislative body which would be the Board...

hey man, yeah Im working on it now that the holiday season is over.

If the reduction helps the property rent in less than a month, then you have only lost $1200 over a 12 month period of time.

In the event you don't have an attorney, maybe the second PM can give you a referral to one that can look over your agreement.  

FWIW I'm a current Pit owner and have had multiple dogs on the breed ban lists over my lifetime.