@Alex WhittowElectric furnaces will cost a fortune on utility bills.

I'm not super fluent in HOA legal docs but for condos, you'll need to file an offering plan with the NY State Attorney General which is, in my experience, is a super involved process that, i suspect, will cost a good bit for your lawyer to create than HOA docs. 

The market has softened and Appraisers know it and most values are coming in 20% - 25% lower than the investor was using in their numbers.This is one of those nightmare situations that keeps the faint of heart away from investing and why projects cost a whole of a lot more than just the down payment.One thing I do to offset this risk for my clients is to have a 100 - 120 day close to close project. 

The property I like is a $1.1MM duplex with under market rents in Costa Mesa; a city that appreciates well.

@Jim Costa I ended up hanging my license at a Brokerage in Tacoma that charges $0 desk fees, or any other fees for that matter.

He also said "Keys to the real money door cost a little money", which is reminiscent of the Guru pitches out there, which made me uneasy. 

Hello - I am taking a trip to Costa Rica next week and would like to explore investment opportunities around Santa Teresa.

Any other suggestions also will be appreciated with similar housing cost as above cities.

I charged a $400 deposit non-refundable, but still extremely unhappy since redoing the floors would cost a fortune. 

In Metro Atlanta, a 40-55% expense ratio (Operating_Expenses / Gross_Income) is pretty normal.That said, if you're self-managing these rentals, you should remember to add back in that cost as well.