In this way, they can then rent out the property to satisfy what is owed to them, fix it, sell it or essentially do whatever they like with it.Bear in mind that in this situation, the seller has probably jerked the HOA around sufficiently to the point where they are no longer willing to play ball, negotiate or otherwise help you or the seller out. 

Contractors- I am looking for a reliable contractor who can estimate time and budget precisely, and make things done on time and on budget.

@Chris WoodInteresting topic.I am thinking I may be an odd ball here, but most times when I am driving I do not realize I had the radio off.

I realize on a standard demand form it would have been more precise re: interest from x date to closing. 

Assume 100% financing to get a ball park on debt repayment when calculating cash flow.

If it's a big value add, precision on finishes is not required and you learn and pivot as you go. 

Could I low-ball an offer and eventually make some good cash flow as soon as I can move out?

Been listing to BP podcast for about a year Big Fan,Great Education I've been trying to get the ball rolling this year to owner my first rental property wanting to house hack" so the beginning of the year I've started a savings just for my first deal we all know their are 52 weeks in a year so I vowed to myself to put $100 up a week its what I can afford on my salary but I've been going strong.

I thrive in competition and do well in anything on land with a ball...the water is a whole different conversation!

When you can't be there to keep your eye on things, even the greatest investment can turn into a money pit if your property management drops the ball.