I own a unit at a local condominium complex and am having issues with timely response from the HOA. 

Keep it short and sweet: thank you for your application, the unit has been leased to an earlier applicant. 

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

Northern VA is such a great place to invest right now, a great sweet spot in value add properties + availability.

you sound sweet and I appreciate your vulnerability to ask about a method that interests you.

Still have the duplex and using it for the next deal as collateral on our first multifam 18 unit apartment complex Lessons learned?

And in the same complex later built units had individual heat pumps and hot water heaters which the unit occupant pays. 

Don't expect to learn complex issues with extremely significant consequences from online forums.

The attorneys I have worked with when buying a large apartment complex have all recommend one LLC for holding the property and one for managing it.  

Short and sweet here: There are no true DSCR HELOCs.