What enabled you to scale? 

I could see some non-owner-occupier investors buying those types of properties and using cash for keys to get the tenants out...do some rehab (which enables them to increase MORE than the limit if approved), and get the rent up that way. 

Would you expect them to give you the tools/equipment/etc to enable you to achieve the task?

It is not uncommon to find monthly fees have been intentionally kept at a low level, while Reserves are not properly funded to enable the major repair or replacement when due, without an "unexpected" Special Assessment.

It could enable you to leverage and build more equity faster with better appreciation while also delivering a solid cashflow.Finally, I would recommend you see TONS of houses locally. 

My other passion in life is figure skating, I want to retire from my day job of Senior Accountant (at a real estate corporation) hopefully as soon as possible - hoping rental income will enable me to figure skate during the days and lounge by the pool somewhere warm in the late afternoons :) Indoor ice - outdoor sun!

I know I’m supposed to add some sort of contingency in the offer that will enable us to adjust/back out of the deal if we see something really wrong with the property, just not sure how and what language to include. 

She might be referring ti an ITIN which is issued by the IRS to enable collecting income tax from the individual.

I don't see this as a winner, @Andrew Bailey, unless the renovation will add significant value and enable you to increase rents.

There’s a ton of technology in the space to enable remote self management which can jack up your returns as the going rate for prop mgt is 20%+ of gross revenue.