Understanding Rental Demand in North Port, FL•North Port is a growing market, and with Wellen Park being developed, you’re right that it’s bringing in higher-income residents.

These are the few details I needed to connect in my brain to understand the strategy better.

So as I understand it, repairs/maintenance is fully deductible the same year but major improvements have to be depreciated. 

Understand Auction Rules:Auctions typically require fast closings, often within 7-14 days, so confirm your financing aligns with this timeline.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Understandably, it probably appears that I am jumping the gun with only 16 units (maybe I am).  

So, you're actually making the argument *against* debt (not for it).I think you mis-understand debt, risk and the alternatives.

Let's cut to the chase:  "A tenant is obligated to follow HOA rules, as they are considered residents of the community and must abide by the same restrictions as homeowners, even though they do not own the property; the landlord is responsible for ensuring their tenants understand and comply with the HOA rules. 

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.