Check with your local boots-on-the-ground team to learn about how that particular HOA operates.

Including financing strategies and cost of operating.

Is it because people that operate and manage their own str can hit the 100 hour participation rule?

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

I am semi retired at age 44, I sold my franchise business 1 year ago and have a very good idea of what it takes to operate a business successfully. 

@Jaysin Anderson I would also suggest you reach out to @Ricardo Matos; he is an educator, investor, and friend of mine here in Portugal who will have some good insight regarding BRRR here. 

Just because it is a personal goal of mine! 

You know, operate it like a business.  

Some loans like DSCR (Debt Service Coverage Ratio) loans are based on how the property operates as a rental (income, expenses, etc). 4.

Yes, it's more work up front, but we have an investor relations team dedicated to performing that work so it doesn't distract us from operations.