For one thing, condo associations (with support from enough owners) have the power (and the motivation) to severely restrict your ability to rent at any time.

Here's one from the International Association of Certified Home Inspectors: click hereIf the paint was new when they moved in, it should have plenty of life-span remaining when they move out.

Another caveat is that this is a condo, association requires a move out deposit of $100 and move out dates for inspection.

If i have a starting budget of $25,000, what would be a reasonable amount to set aside for the repairs/upkeep and still leave me enough to put the down payment and pay all the other costs associated with purchasing a property?

cirrus Owners and pilots association  and a Cirrus is a single engine airplane  there is a member that either has your same name or your picture or darn near exact name and picture..

Did this on a condo purchase, the association had a move in fee, seller had to pay.

@Toby RussellSalesperson or agent - licensed to sell real estate.Broker - manages salespeople, may or may not engage in the day to day selling of real estate.Realtor - an agent or broker that is a member of the National Association of Realtors and pledges to abide by their code of ethics.

Others know equipment and returns associated with the the machines.

Cap rates are a function of risk; just like any other investment as the returns increase, so does the associated risk.

Anderson and Associates.