Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

If weekday demand is low across the board, you need to stand out.Promotions & Strike-Through PricingAirbnb loves deals.

I have been trying toe get a list of the IRS discriminate function indicators to no avail so I'd like to know how you can say that home office no longer concerns IRS.I was just making the note that broad stroke for everyone to add spouse, kid etc to create a partnership has other considerations people need to be mindful of as well. 

Hi John, Great to have you on board. 

To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

Also check if there are any boarding house regulations in your area that would impact you. 

To do this legally, I know plans need to be drawn and submitted to the Planning Board.

My parents spent every dollar they had on the four kids in our family.

Multifamily mindset has recruited students from all walks of life such as teachers, medical doctors, veterans, real estate agents, business men, and I was included into a group (multifamily mindset encourages students to form groups) and one of them is a veteran who is divorced, has kids to support, not employed during that time, got a loan of $40,000 for the tuition.

Some good advice above- it really depends on their "need" for the cash.They could always turn it in to an investment property and eventually do a 1031, leaving a legacy for their kids some day.