Hi BP, I'm looking at an out of state fractured condo deal.

However because Colorado passed a law a few years ago that greatly reduced the power of HOA’s (for example they cannot foreclose due to unpaid dues or fines anymore, and the maximum fine for non health and safety violations is $500), they both decided to simply continue renting their units anyway, and just pay the $500 then thumb their noses at the HOA board.

I've been paying through the nose for interest-only payments on the construction loans and it's painful to have to pay an additional 1% when we're this close to the end. 

Having a plan and building your team will help you make much better decisions.That's my two cents; you'll have to take the nose dive and understand that sometimes your first deal isn't going to be the best deal, but you will learn so much more from the experience!

You estimated $30,000 and it took $30,000 on the nose. :-)RentSo instead of turning around and selling the property, you rent out the property.

I chose to ignore the mantra the conventional wisdom and made a solid choice to choose long term wealth over short term cash flow.Investors who turned their nose up at the deal with 10 year fixed debt 20 year amortization are now kicking themselves and many many find themselves in some failed value add deal with the lender knocking on their door.I choose long term fixed rate debt over cash flow and my investors and I will reap the benefits from this decision.

I love that many wholesalers out there turn their noses up at something as soon as it is listed, just means more deals for me!

No matter what you write in your Offer, it's no skin off the Realtor's nose.

I went to turnkey-reviews.com but I did no see reviews on them.  

My wife and I nose dived headfirst into the industry.