I've worked in property management and managed my own properties and HOA's definitely keep a close eye on that cap so the community is primarily owner-occupants.

It's definitely something I'd like to be a part of.   

Wow that's definitely a great deal!

Definitely curious about your approach to this   Of course!

This is definitely a metric you should be using (among others).

@Mary Lopez It definitely depends on your scenario and the details.

If so, I anticipate that the other two tenants may ask the one responsible for the bedroom above to pay for most or all of the costs, which may be financially burdensome for that tenant.While I have the plumber’s report confirming that the pipes are fine, I do not have definitive evidence that the leak was caused by the tenant’s actions.

I would definitely recommend taking pictures. 

If you are not starting from a very strong financial position and you do not have the ability to quickly stockpile cash quickly from other means then I definitely agree with that statement from the book.

In the Tucson area if you want to be in a nicer area the price point is between 250-300k I am definitely open to a fixer upper/ possible flip.