It is also nice having the HOA as it spreads the cost for flood insurance and the roof we recently replaced

And that’s before property tax and insurance increases for the new owners.

Lastly, speak with an insurance broker to dig into best options for your needs.Cheers!!

The cost of stuff today is absurd, especially since we only use licensed and insured vendors who don't require deposits upfront for work. 

Not 30 days later or 60 days later when you go find the money or borrow it.Every jurisdiction is a little different as to how things work, but typically you won't be able to borrow your way into tax lien/deed investing unless you are borrowing against other assets you have like life insurance, home equity, 401k, stock margins, or some other hard asset.   

**Insurance Issues**: Ensure the property insurance policy is updated to reflect the change in ownership to protect both parties in case of damage.3.

Other exclusions are roof replacement, anything requiring a permit, exterior painting if more than 5% of surface, "maintenance related to the garden, lawn, or landscaping," anything covered by any of the various required insurance policies, etc.

You could say you are the manager which is true.Carry correct insurance and take care of your properties and you should be fine.

The house was affected by a fire and most of the rehab was done by the pervious owner on the insurance.

Your insurance and property taxes will be set according to your purchase price.