You need to evaluate the HOA and its management, with a focus on the reserve account percentages.

A local couple who’se combined income is 300K and who sponsored the family’s immigration to US is willing to be co-signers for the family of 5.I am thinking that Party2 will put more miles on the house and may be harder to deal with in case of any complaints or eviction, though I am not an experienced landlord so I am not sure what are the factors to evaluate or what all can go wrong?

We had a structural engineer evaluate and he recommended installation of piers to stabilize the foundation.  

Learn what PIPs are and how hotels are evaluated. 

Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.

A couple of tips:Ask specific questions: The more specific your questions (like, “How do you evaluate a potential deal?”

To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

Please keep pushing and sharing your progress. we are enjoying seeing your success in addition to learning how to pursue and analyze deals in different market sectors before blindly buying and learning the hard way.

I went through something similar - evaluating what accounting and tax solution to use after I got to 3 rentals/2LLCs and wanted to stop using spreadsheets.

Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).