As I mentioned initially a lot of people on BP are anti-condo, so it simply means you'll have fewer fellow investors competing with you.HOAs can be a pain in the neck, and condo associations are more invasive.

A good strategy is to compare areas and see which best suits your situation and then become an expert in that neck of the woods - find the best investor-focused realtor, etc.About your second question, I am not a lawyer or accountant so you will need specialist advice there. 

@Brandon Hall is in your neck of the woods and specializes in real estate, there's also @Linda Weygant and @Amanda Han on BP (along with many more fantastic CPA's I'm less familiar with).

I don't know any Agents in your neck of the woods, but if you use a local Independent Agent they will be able to shop lots of companies for you, some of which will allow you insure for less than replacement cost.

Many of the national home builders build a break neck speeds.

I try to help you along by answering some of your questions, but I am not from your neck of woods so I'll not advise on where to invest, Union City, etc

The next call could easily be that the dog jumped the fence and one of the children were startled and fell off the pool deck and now has a concussion and possible fractured neck.

The problem with the Northern Neck is that there isn't much work outside of the Sheriff's Department, farming and the Omega fish oil plant in Reedville.

This is just a strategy that I came up with and I thought I could utilize creatively (if the numbers worked or course) with all this I hear that you could rehab a house with no Money and not get neck deep on just a high Interest HML.

If you expand your investing to to my neck of the woods I’d love to talk about the market and pick each others brains.