I tell everyone, guru classes are a total waste of time and money, point proved.

If you can find local deals (within 2 hours of where you live) that make sense, they can be gold mines. 2 hours seems to be the max that most people would drive if you HAD to do your own showings or move-in prep and local management proves unreliable.

Some lenders have specific guidelines on how often you can rent the property out and may ask for documentation proving that it’s for your personal use for part of the year.2.

First, have a conversation with an accounting firm to see if a cost segregation study will be beneficial to you.You don't want to spend money on something where you won't get a benefit from.

Also @Tim Phillips something to be aware of in FL, all condos older than 30 years and taller than 3 stories are required to have a "Structural Integrity Reserve Study" performed before the end of this year.

Especially if you have documents to prove your story.3.

Aloha,For comparing Condos/HOA projects for investment purposes, the more critical info would be rating the most recent Reserve Study and/or Reserve Funding Plan for a specific project.

@Avi Lah the PMC's alleged liability is immaterial as it does NOT protect the owner.An owner must sue their PMC and prove their liability.

If so, can you prove the seller knew about it but didn't disclose? 

I realize that a full feasibility study will most likely be required if I move forward with an LOI and purchase contract.