Thats another key factor to be able to pull out your initial capital and the next homes DP in a shorter period of time. 

Good evening,I'm an investor out of state, the owner of a single family home in Cleveland.My property manager told me that the city of Cleveland has initiated a new lead based paint certification, moreover this certification will be mandatory every 2 yearsIs this true?

I do not like this as obviously if a business account is only accumulating rent from 1 property, it wouldn't accrue the cash in each as quickly as it would if all of the rents were funneled into one account.. and it makes paying the bills a bit of a pain on each of the properties as I am having things done to the properties, lawn care, etc.. constantly has me making owner investment deposits into each to cover initial expenses associated with the properties.. etc. 

I attended a 2 day session for $1000 that was arranged through my local REIA.A complete waste of time and money.

The relatively low initial investment combined with Chattanooga’s rising real estate market presented an excellent opportunity for a quick, profitable turnaround.

Initially, I planned to finish the attic, add a bathroom and bedroom, and create a first-floor master suite, turning it into a 3/2.

I’m based out of Seattle and initially I started analyzing deals in home turf but it is really expensive to break into Seattle market.

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Most investors I come across say you should make your initial offer at least 75-80% below asking price. 

I think they are bigger than I had in initially assumed.