@Levi T. , I love road cycling, but age and children take up too much time for me to get many miles on my bike.

In 2022, Social Security taxes are levied on the first $147,000 of wages, and Medicare taxes are assessed against all wage income.

Levi T.  

And just because you don't know when an HOA might levy a special assessment you also don't know when a furnace might suddenly die out in a single-family home.

Sooner or later it catches up with them, and your maintenance fee goes up, and/or a special assessment is levied.

I suppose I just fear the day an assessment is levied or there is a drastic change in fees or the budget isn't handled well and the unit owners are stuck with those mistakes.

Tough to get around that...House Bill 920 credit will stay until the community votes for a change, i.e. levy or something.

Then if I sell for $210k - $10k (down) - $35k (rehab) - $140k (mort) - $12k (mort pay/carrying costs) - $5k (closing costs & excise tax) - $8k (realtor fees) = $0.

For example, where we are in New Brunswick, we are allowed to charge an NSF or late fee that is not to exceed the charge levied by our financial institution for an NSF/returned item.  

Quote from @Levi Rounce: hello i am looking to start out my real estate investment as soon as possible. i have came to the conclusion that i need to pick a market that i want to invest and then the property(that probaly seems obvious).