(End)Unfortunately, HOAs are often ran by individuals who are not the most knowledgeable on regulations, accounting practices, and more - and property managers do not want to intervene for fear of losing the contract. 

Gaining knowledge about investor loans, like DSCR loans, can be particularly beneficial.

 #2 is a banger - finding a ruthless inspector will save you $1000s in conjunction with the knowledge to negotiate.

Whether you choose to run screening before you show the unit to them is a personal choice. 

Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion.

If the community is well-managed and there’s good rental demand, a condo could be a solid choice.

I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

Looking for further knowledge and excited to be on the forum!

The Capitol region, NJ, and CT are solid choices.

Quote from @David Epstein: I everyone, I know this is an older thread, but I'm also now getting into properties in the Albany area and am in need of a CPA with real estate tax knowledge for advance planning.