All good so far but this is where I ran into trouble...

You pay for the amenities and the diversity in culture.

. - Wholesaler emailed me property- I ran my numbers for a (1) buy and re-list on MLS, and (2) buy, renovate, resale.- Since I thought it was a deal, I reached out to a few local agents

The only issue I ran into was exceeding my remaining entitlement so they told me I would either have to sell my current house or use the remaining entitlement and get a second mortgage to cover the rest. 

I am not a tax professional and this isn't advice, it's just a problem I ran into. 

Instead of the 20yr, I stuck with a 30yr amortized loan with let's say a... 3 year balloon payment. the break even for the numbers I ran here was around 470,000.

I ran the numbers on a calculator online and I was curious if the numbers looks accurate.

My initial goal was to flip it, but I ran into some extra expenses and it cost me far more to do the flip than expected, which is why I have such little equity (it was my first attempt, many lessons learned!)

Will make sure HOA is ok with it#2 I ran numbers today and I'd be the same at 3k/mo as I would long term'ing it (paying our friends $300/mo to manage (and upwards from there as the price increases above $3k), but would still need to buy furniture in addition.

Below are a list of items I ran into that hopefully you can skip:Bought a Frankenstein triplex (wires, plumbing, venting, all crossed multiple units) - Any time I had a repair it usually effected multiple units and drywall/paint/flooring had to be replaced.Utility Companies - I was charged $3k in one month for a sewer bill.