Considered: Minneapolis, Los Angeles, Las Vegas, Denver, Chicago, Kansas CityInvestments: Arguably the most "under construction" part of my plan, your insights are welcome and encouraged.2BR, 2+BA Condos with roommates - Lower values lower barriers to entry theoretically, but internet skimming of this investment implies that HOA assessments are an ROI risk to be likened to underestimated capex.

They do not want to hang around and milk you for hourly work, most actually hate that.

If I need to do a double close and pay the fees I will, I would just prefer to milk this thing as much as possible, naturally. 

As a beginner, you should be treating every single experience you go through as something to be milked for its learning value.

@Stephen Neto Maybe I skimmed over it, but do these tenants have a lease, or are they month-to-month? 

There are LL's in my market, with triplexes just like this one-same age and state of neglect, who believe that a penny spent is a penny wasted and just want to milk a property to the end.

State and federal laws have been created just for this......sometimes referred to as rent skimming.....getting someone to QCD their house over to you with No intention of paying their mtg payments......stay far away from this. 

And that could lead you into ugly places in the human psyche.The milk has been spilled now, Matt.

He's pretending to be your friend so he can milk you for up to $400 a month.Give him the minimum required notice, get him out, and rent it at market rate.

It's a good way to skim properties and checkout which ones I need to take a look at for further analysis.