I might look to practical things that can be done to mitigate those risks such as adding a sprinkler system to that basement unit or something like that.

On paper and in practice, the BRRRR strategy is great.

Standard practice to rip it all out and replace , overall

I always advise potential buyers to carefully evaluate the specific HOA's fees, services, and management practices while performing their due diligence. 

As far as my knowledge is concerned when it comes to the Real Estate industry, I can humbly say that I practically know nothing about it.

I HIGHLY recommend you connect with a local expert like @Josh Green, who practices what he preaches.

I am not sure if he would be willing to do this but figure it is a good opportunity for me to practice negotiating.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

It is full of practical advice on how to manage rentals and it will show you exactly what laws you need to follow. 

Without these crucial features, I've found myself grappling with unexpected lockouts, a situation that is not only inconvenient but raises serious questions about the locks' practicality as a security solution.The Yale Assure 2 locks' dependence on batteries has transformed what should be a reliable smart home enhancement into a cumbersome and unreliable system.