Tax law requires it.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

Dwelling/Fire policies require that you request a limit for contents.3.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

I ended up taking a different path.Also keep in mind some brokerages will require you to pick one or the other.  

A conventional renovation loans will allow you to use preferred contractors, requirements are they must be simply licensed and insured.  

The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement. 

The US taxes global income which dramatically increases the reporting requirements.

The requirement for a notary to oversee the property transaction further safeguards the investment process, providing both parties with legal protection.4.