So you can scale that if you want.FHA is for people with poor credit and very little down payment.

This attracts poor unqualified tenants because they have no option but to overpay.

A wealthy individual, a group of wealthy individuals, or a hedge fund is lending money, private money to strangers for the purposes of buying distressed, fixing the asset up, and either exiting through sale or refi.Just keep in mind t he relationship between maturity and interest rate. 

To me every generic question like this post, the first response should be an AI response, followed by individuals personal take and experience.OP:Start small and Make Your Big Mistakes Early. 

That was fine by me but the communication was not only poor but non existent.  

Yes, they are actually selling individual units as well

It's just hard for a lot of people to get there regardless of how talented the individual may be.

(End)Unfortunately, HOAs are often ran by individuals who are not the most knowledgeable on regulations, accounting practices, and more - and property managers do not want to intervene for fear of losing the contract. 

Too many REI use the "dart board" analysis, which means they search for properties on an individual basis, when they should be looking for markets to invest in. 

As you develop the park I would strongly recommend your homes be individually metered for water, sewer expense prorated and garbage paid by tenants via individual can service.