I can't speak for the norm in Ocean City, but here you have two separate expenses: 1) Your HOA fee which covers utilities, building insurance, maintenance of the pools/elevators/etc; and 2) Your management fee. 

I have been researching my local market and what I have found is property prices seem elevated and good properties are typically in contract within a day or two after hitting the MLS.

Are the units near the elevator or garbage shute - things that another owner (or renter) would find bothersome. 

So when the motivated sellers call, have your elevator pitch leaning towards owner financing ready, "What if instead of buying it outright i could put X dollars in your pocket each month without any of the hassle of being a landlord, etc etc."

Overall, Ring Security has truly elevated my home security experience, and I highly recommend it to anyone seeking top-notch protection services.

But when you start, it's always a good idea.Here is my elevator script for buying apartments:I am an investor in the Knoxville, TN area and I am looking to purchase apartment buildings in your market.

@Anthony RealeMy goal is to elevate the conversation around real estate investing.

Hi @Deano VulcanoPress all the floor buttons in the elevator.

If you need an appraiser I know a great one who has been on the ground for years, Gizzi AppraisalsI live out of state, in fact out of country, but now embarking myself on my Cape Coral adventure.I have a healthy cash flow portfolio in Sarasota, but can't find the deals anymore so have headed south and buying lots and starting a build program .I come out with between 40-50 per door net if I sell them straight away, but looking to cash flow as well, some great things happening in Lee County and they encourage inward investment.What I love about new build is the hope that nothing goes wrong for at least a couple of years, and insurance is lower as built to new codes and elevation for floodGood Luck, Lehigh is interesting have been thinking about land banking there but the deals are so good in prime CC it doesn't make sense right now for me personally.Would love to know how you get on with your 4 plexKeep in touch, this is such a great place to exchange ideas.SarahW

@Karen Margrave @Deborah Smith I visited the site, had my realtor request that the housing placement on lot is adjusted, they said it couldn't be done based on elevation, so he requested an alternate method.