The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.

If so, is there any red flags such as rental restrictions, limitations, etc.

So in the words of Clint Eastwood: "A man has to know his own limitations."

So no Board, nothing to manage except State law...the organization docs for the HOA should have identified when the developer maintained control, the terms for it to be turned over and at turnover you would establish a legislative body which would be the Board...

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing. 

Your margin for error on a house that is valued under $100k is so tight.

Unfortunately we've had a very cold winter here, with temps holding below freezing for weeks at a time so many of us are seeing high heating bills in general.

Air Force basic training happens here, so every week there is a big batch of families coming to see their kids graduate. 

So what can be learned from this?

So in reality he averaged about $1,350 mnth.