Hypothetically, if you are choosing to go with a condo as a rental property, the HOA (and for discussion purposes lets assume the HOA has solid and sound financials and isn't strapped for cash/using a special assessment often to cover expenses) will be covering the large CapEx of you unit like roof or siding from their community funds.

I always encourage new agents to think if they were absolutely strapped for cash, how they could generate leads.   

I just purchased my 1st duplex, which I am boot strapping. 

@Mat O'Grady thank you

Best, Mat

Unfortunately, in case you need to go to the mat, think you need to have a CERTIFIED (by govt) mold remediator involved. 

Hey Fady,The only wholesaler I trust in Houston is @Mat Trenchard with Senna House Buyers.

If you are that strapped for cash that you cant afford the extra 1.5% of the conventional loan, I would suggest 1 of 2 things:1.

I know that probably won’t happen with COVID and all but, like I said, that’s the ideal scenario.Runner up to the ideal scenario would be that this post will strap a SpaceX rocket to its back and I will get tons of feedback from people on to their 4th, 40th, 400th deal.

BUT if rented it could cashflow 500/m at least, so 2000/m net cashflow w no job and no place to live..- save about 5-7k a month from the salary, but would like to quit. so lets say no income soon. - have in stocks about 300-400k to play with liquid.