No guaranteed way to stop a determined, experienced thief:(Only deterrents that push them to easier jobs.The roof may be a good idea - until they figure out the just need a ladder to get up there and a rope to lower it down. 

If you're going to reinvest the proceeds you might want to consider a 1031 exchange or a cash out refi to generate the investment funds you desire for your next project.

What is the current return you are getting and what are the projected returns or plans with it, etc?

I've learned a lot in my 4-year project, and it has been a lot of work.

I have always wanted to own rental properties and do some flip projects but just never started the path.

Roof?

I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage.