Believe me, you will encounter so so much more and you will have to know how to balance it all and keep things moving.

In future years’ budgets, the association should consider budgeting for an Operating Contingency (funds not earmarked for any specific expense) or should consider creating a line item specifically to fund Prior Year Equity in order to bring the balance into the 10-20% range.If the board doesn't know what it is doing financially then they need a management company that does along with an accountant that understands how HOA's work.

There are VERY FEW DEALS AVAILABLE RIGHT NOW….There is inventory for sale…butNOT…..Properties that can be acquired that;1) Will have minimum 80% equity vs ARV…after the ALL IN investment ( unless the cash down is way out of balance ) 2) CASH FLOW TODAY enough to cover all costs PLUS RESERVES and return all cash out of pocket in a reasonable time period.3) You could sell TOMORROW if you needed to and not lose any money4) Dont include rosey hopes of appreciation to cover negative equity Al last ALL… of the current wholesale deals are just trashy retail deals.

It's all a balance.

.- Balance Learning and Doing: While it's great to learn, make sure you're also taking action.

(7%*(1-.3)You're being mislead by your model IRRs unless you also incorporate the HYSA balance you'll need to carry to keep the deal leveraged.You're also being mislead by the points you originally paid.

I consistently advocate for a balanced approach to investing, and that’s what I do myself.I recently held an entire workshop on my concept of ‘total return investing.’

My seller seems amenable to my giving them 20% down which i have and the balance due in 120 - 150 days. 

If you move forward on this, make sure you have layers upon layers of checks and balances here.

Before you jump 2 feet into the Real Estate Investing world, I challenge you to find a balance of continuing your drive toward real estate while improving your position at your current role.