Does that make anyone think, "If you're not bringing any capital to the table then you probably want to avoid this strategy or you probably want to go with this kind of investment"? 

I estimate I lost probably 15k in the deal and taxes this year will tell for sure.

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

If I’m doing the rehab alone, it will probably take me 6-8 months to complete.

those would be tough to land shiloh  maybe friends or family.my advice FWIW is total liquidation IE sell it all.. get out of debt and start over . 1.4 mil in equity probably will realistically boil down to less than half of that in cash..

They will let you know what other paperwork may be needed and probably order an appraisal.

We'll probably have to battle that out in court.

A member of the association who is not on the board would probably not even know if they were selling.

If I didn't have the golf cart, then I probably wouldn't bother.

I think the right investor would do 2 units long term one unit short term. this strategy allows you the greatest flexibility. we are also developing an extended stay hotel that's 58 rooms. the size of the average room in that is 216 square feet and rents for a target $80 per night. our development cost per room is 100k per room with hard construction. the smaller you go the more money you make. if I was to suggest anything it would be to focus on the smaller part of the market and on multiple unit dwellings and finding and identifying markets that meet similar numbers. that will probably be midwest markets.