Do you do background/credit score checks on all applicants and have minimums? 

Could be self inspection (photos) but it's not uncommon and most are done by third party inspection companies.

If you are not familiar with lease applications/procedure/ and contracts, use a realtor to make sure you don't leave anything  out that can come back and burn you.

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

We wanted to self manage.How did you find this deal and how did you negotiate it?

July 2022 we sold our largest and best self storage development.  

They're taking massive fees 2% on assets they manage, 20% on increases in net asset value, large salaries for only $7-8m assets, they are self dealing with a $2m in promissory notes that pay Dutch's other entities 10.95% interest. i think the 36% return might be before all these fees or for his 3 other entities that lent the company money at a very high rate.source: their sec filings https://sec.report/CIK/0001721...

The information contained in this post is not to be relied upon.

Once a complete loss mitigation application is received, the servicer must review that application before starting the foreclosure process.""

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.