Make sure you have a strong idea of what assessments are coming up and that future assessments can be quite hefty and unexpected.

It gets paid over time but it still is an unexpected expense.i enjoy learning and want to hear from more experienced owners. 

Well, TESLA/PG&E have partnered to purchase the old power plant.  

Needless to say I no longer make guests pay for worthless polices that do not help me or them  (Just increase your rental by the $59 and put it in the bank to cover unexpected damage(s).

Quote from @Dan Powers: @Ernest Wade It all depends on what kind of returns you are looking for.

Flips - especially your first few - can be somewhat dangerous if you misjudge your expenses or run into unexpected expenses.  

That extra buying power will give me a better chance of finding a property within the area I’m looking in.

After a month of staying in the unit, the Tenant calls me to tell me that they need to break the lease because he has to relocate unexpectedly.

Provided your Sub2 purchase closing is done complete with all the necessary paperwork (e.g. limited power-of-attorney between the sellers and you), refinancing should be no different than a normal refinance.Sub2 can be heaven or hell, depending on the quality of your closing paperwork.

Never under estimate the power of good old fashioned fun in real estate.I have a couple questions/ideas for you.