Having the bare minimum can be okay but it also puts them in danger if something should cost the HOA and when that account goes to zero or under 10% they generally raise the HOA fee's.

@Parikshith GariLast time we checked I believe it was $10-$15k/yr and if you wanted more territory pricing was higher.Crexi is an alternative for 1/10th the price but of course not as much info

But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.

Midwest is a broad territory to be considered a "hot spot". 

@Leslie Hsiung, yes, the word "leverage" in that context means your debt (as a percentage).I'm suggesting that beyond 75% debt, borrowers are entering a danger level, because it's not unheard of for values to go DOWN by 25% or more - and for Banks to then call in the loans!

https://bestdiplomats.org/most-dangerous-cities-in-the-us/As many investors know there are high crime areas in any city . 

If you start pooling money from people who are not full partners (i.e. have decision making power), you will start to cross into the territory of securities, in which you will be subject to SEC rules.

Let them do a welfare check on her and see if she is a danger to herself or others. 

I really don't mean to piss all over this sponsor or their offering but I do mean to make clear how dangerous it appears to be.

Flips - especially your first few - can be somewhat dangerous if you misjudge your expenses or run into unexpected expenses.