Some HOAs will limit the units that can be rented ...connect with a condo specialist  realtor and you should get a good idea of whats possible ...if you will need a loan - get pre approved ...loan pricing for a 2nd home is  similar to pricing for a rental property

I’ve worked in the RE industry in the past so I’m no stranger to it, though I’m not an agent.My general approach is to 1) get pre-approved on FHA loan and 2) work with an agent to find off-market deals willing to work with FHA process.Open to any advice, but here’s some specific questions:Advice on general approach?

Hello, I am new to real estate investing and I have a tentative verbal deal on a pre-market lake property that I would eventually like to make my retirement home (10 years or so).

Pre-understanding of the area/market, willingness to fix and live in an outdated and damaged home.

Do you pre-hang a universal wall mount so that tenants can use it?

They'll also confirm there aren't any other liens or encumbrances on the property that need to be disposed of pre-closing.   

So have your proof of funds/pre-approval ready.  

I'm hunting down pre-foreclosures to flip (my backyard is in the $250k-$450k+ range), and then putting that cash in a neighborhood in southern CO with lower property values that cash flow.

I was told that since it is a pre-1943 property, sprinklers would just have to be added to the hallways.Has anyone been through this process? 

Hi Benjamin,Have you talked to a lender about getting pre qualified or getting a VA loan?