I'm usually concerned with how fat that HOA fee is and what hinderance the HOA imposes (i.e. no parking on the driveway, all cars must be in the garage) etc.

@Billy Bell  I have bought these at trustee sales  and I was not 55 at the time.just rehabbed and resold them like any other fix and flip

You could lose your currently great credit score if things go belly up.

If she had insurance, they would have written her a fat check for her damaged belongings and put her up in a new place.If she wanted out of her lease, I would have let her out.

Small operations generally lack the financial sophistication.Not saying a small broker or some syndicator type won't belly up and ensure everyone gets all the money they are due, one way or another.

Alfred Bell I believe it only applies to banks, so you're safe.....At least until they reclassify you as a bank via Basel IV!

Nice fat check at closing.

There's a chance the whole thing will go belly up, but you should get back your earnest money if you stick with all your timelines.

Now, I don;t pay my guys $150 hr. obviously, but some work (especially demo stuff) is priced by the job and has a lot of fat in it for the contractor side.

Without boring you with a ton of details, I began a renovation on a mostly occupied building, with a fairly educated budget, an arsenal of tools that would make Bob Vila jealous, a 360lb back squat max, and a belly full of piss and vinegar.  4 months later I am crabby, exhausted, carrying some credit card debt, consuming espresso like water, and just want to lay in a hammock for 3 days and drink myself to sleep until its time to lift weights again, and think about a better way to live.