Courts routinely tell Condo HOA's that they can designate building as non rental building.The idea that a HOA tels you that you cannotI look for properties where the HOA fee is no more that 8-10% of expected rent and expense it off for what it is Pre-Paid Maintenance and Capital Improvements.

And then you already overpaid based on assumptions that turned out to be not so true.I understand that in this market it seems like people have to buy on “market rents” to be able to buy at all, but I was seeing the same thing in 2006 and I’m just as uncomfortable with it now as I was then.God bless the folks that can buy on pro forma rents and make deals work.

I'd encourage you to sit down together and get really granular about "who does what" and be willing to have uncomfortable conversations around that right now, even though those conversations with family members, especially ones we are around frequently, are intimidating to say it lightly.As long as you two are clear about why you are investing and partnering (you need this clarity together AND separately) and how that will look day to day, you could be on a great path together!

I feel similar in that I would feel more uncomfortable investing somewhere I'm not close to.

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

It helps a lot of people refocus their morning routine. 

It's a flexible asset class that allows you to multiply your capital exponentially if you're willing to put in effort, take the time to learn and get uncomfortable. 

You have to live in the property for a year, but if you're like me you're used to being put into uncomfortable situations from the Army, so it is no big deal.

Hi @Mysonne Johnson, a registered agent is intended to be someone who can routinely be served important or legally necessary things intended for the company. 

They have to do the work, have a routine inspection and then payments are dispersed.