Hello all,I'm on the board of my HOA, and we're looking for a CPA to start doing an annual review for us.

I would also check local rents around to see if it's comparable with the annual rent they claim to be getting. 

This is something I've really struggled to understand.With the average annual household income still sitting around $55k, and prices of new builds/old homes shooting up to where anything over $350k is no longer feasible for these households, does that mean the rental market is essentially "capped"?

In a single family home, if it was vacant one month during the year, that would be a vacancy rate of 8.3%.Now what you do with that percentage is multiply it by the Gross Income (the scheduled annual rents) to get the Va- cancy Allowance.Vacancy Allowance = Vacancy Rate x Gross IncomeSo if the property takes in $72,000 a year and your Vacancy Rate is 5%, your Va- cancy Allowance is $3,600."

Assuming you mean 12k annually this is 12 percent return, assuming 100k cash.

I just realized a friend had invited me to the annual Lifestyles event downtown. 

Typically you don't need 1-2 years of stabilized funds for a newly rehabbed property that is fully occupied with annual leases at market rents (see question above). 

When we get data back from our servicer, I assume (haven't bought any notes yet), that it will show how much of each payment (or total payments annually) are principle vs interest.   

I see a property where the numbers look like they might be good that is in Flood Zone "A", 1% annual chance of flooding. 

If you invest that $100K in say a income fund you can earn 8, 10, 12% returns annually.