Here is the link to more pictures:https://www.dropbox.com/sh/xujxwl05ad2quw2/AAC4b4D...purchase price: $35KARV: $170-$190K based on ur own estimates and confirmed by other investors.We're hoping the large spread provides enough cushion room for us.

Curious how much cushion there is. 

Have them start fining the unit until they comply.I don't know how tough your HOA is, but we had warned a unit that was replacing their carpet floors with hard floors that they needed to install the cushioning sound barrier under the floor.

The name of the game is to buy it right in the first place (cheap) to give yourself some cushion when the costs start to add up.  

As for what to do in an emergency such as auto or house repairs you either save room on the heloc to cover say a 10k cushion or keep a side credit account specifically for that purpose that you can pay with the heloc after the crisis has been taken care of. 

If you have adequate reserves and a cushion (100k, 50k, whatever), you don't HAVE to do anything.  

My suggestion is to first make sure you have a small cushion.

The quick math on that average is $225/year in repairs, cushioned to $1,000 for unexpected, vs his earning of $3,000 in projected annual cash flow - not accounting for vacancies and the like.When looking at it that way it almost feels like I am being too generous, but then I conclude that 25% seems like a fair ratio for both parties.Thoughts?

(Ask in the Marketplace here.)Have a big cushion.

I have a pretty good W2 and my goal is to save $40,000 by July this year to either use in addition or keep as cushion for the rental property.