I suggest the books and  free materials  on the NOLO Press website. 

@Nina V.So what innocent word did your dad type in that got accidentally autocorrected to "scheme" in that text message?

I always seem to add a few accidental rentals each year.

But with the returns and prices available, there's a little time to recover from a bad one if you accidentally get stuck with one.I live in LA and have always bought out-of-state for the same price/returns reason.

You should do this for two reasons. 1) it protects you in a discrimination case and 2) it protects you from making bad decisions when you are feeling pressed to fill a vacancy.

However, if the market were to tank and rates were to increase, you'd be hard-pressed to find any lender willing to provide financing. 

Recall the board, put in a new one, and press forward with the fixes ASAP.Financially, the Association can special assess, hold the note, and let owners make payments. 

Homes south of Brooks Ave  have skyrocketed in price and you would be hard pressed to find something that made the kind of numbers Chuck is mentioning in that area.

Unless you have a track record of commercial financing, you will be hard pressed to find any bank to do it under 25% down.

It's almost as if I'm pressing the brake so it doesn't (the process) go to fast.