I know the canned response is something along the lines of ''read the CCR of the HOA", but in your experience, are these Associations focused on these things or just keeping the flowers to the entryway of the neighborhood looking good?

Tenants are extremely hard on appliances, it is not uncommon.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

Don't fool yourself into thinking every investment home in the portfolio was full of unicorns and flowers. 

There's a variety of scenarios that support a negative or neutral cash flow for the first year. 

With the 35 day model, there are a variety of factors that come into play.

I'm continually astounded when I learn people I 'randomly' meet also invest in the sector, and I've made a variety of nice connections and learned about myriad models/ideas in this fashion.  

Wow based on multiple input from variety of reliable contributors looks like Mr.Cohen is fraud and swindler, who run financial pyramid scheme using new investor funds to pay off old investors.

I bet you will be buying a house in no time once you start working with a lender that is able to offer a variety of loan products and outline the steps you need to take.

So, 6k in cash and proper insurance would cover a full roof, or most of both furnace replacements (retail), or a large variety of odds and ends. 

In case you missed the first two posts of my little Stockton Analyses "Series", here are the links:Part 1: Where have all the flowers gone - On over-rehabbed, overpriced properties:Part 2: Straight Outta Stockton – On properties in, let’s call them...