We take 20% as our management fee. 

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

It was closed by the state about 1.5 months ago after the current owner didn't address all the cosmetic violations.

Marketing is all about message resonance.

Hey All, I have a friend who needs help with rehabbing a property in Curtis Park Historic District in Denver.

It's a very big issue in my market, the #1 I hear from take-overs, how there place was decent, all was good at start but once tenant was in, they were getting a constant stream of maintenance notices. 

Hey Latoya, welcome to the BP community.Wishing you all the best on landing that first deal.

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing. 

I have deals of all kinds, right now on my last three deals for some weird reason one come from wholesaler, the second from MLS and the third knocking a door.Having a partner in looking for deals is critical so you can brainstorm and make sure that is indeed a good deal.

These are all great points on how professional property management can be beneficial.