If IRR is greater than required rate of return, then indications are buy, otherwise, if IRR is less than required rate of return, then pass.Given that most hard money lenders are at least 10% if not more like 12-15% that should be your target for a return.

If the tenants ever ask if you are the owner indicate you are part of the ownership group. 

These piles are driven into the soil until it meets the required depth and torque resistance, which indicates that the helix has reached a layer of soil that provides adequate bearing capacity.

Thanks, but I guess my question is more, do high property taxes generally pose a general negative indicator?  

The key here is to know what's in your HOA documents.Generally what happens in a situation like this is that you would make a claim on your insurance and then they would subrogate it to the responsible party (either the HOA or the other unit owner), so I'm surprised that your insurance company is giving you the run around.Make sure you've got a written statement from YOUR plumber indicating where the plumbing fault came from and, before you patch the drywall, get the HOAs plumber in to look as well (if they have one).  

If there are any areas of walls that need dings and dens fixed, I would be inclined to mark them on the wall and describe them in the scope.Make sure to indicate very specificallythey are required to clean up after themselves and to not clean their tools in your finished sinks.

My agent indicated that a pre-qual needs to be submitted with an offer.Fairly certain that hard money is my best (if not only) play for this deal, taking into considering my income, cash on hand, and the opportunity to close fast.

If the list price is 189,900, is that a pretty good indication of their reserve?

No firsthand experience, but every time I've seen this question come up the responses indicate that for a few small units LLC will not protect you better than simply adding an umbrella policy to your insurance while being more complicated and expensive to maintain.Also many snags to consider such as banks not likely to finance residential property to the name of an LLC, transferring to an LLC later can trigger a due on sale clause in your mortgage, if you mix personal funds and LLC funds to pay for something you can negate all legal protections.

@Roy N. sorry for the multi posts when I clicked post on the app it just shut down and gave me no indication that it posted.