Usually there's strict provisioning how many units within HOA can be allocated for rental purpose, it could be zero, it could be 20% , it could be 100%. 

It's common to allocate a certain percentage of the rent towards the principle, right?

Its seems nearly impossible to find anything on the MLS that cashflows.I have been allocating the following for expenses5% vacancy5% Expenses/repairs5% cap x10% property managementThen the usual PITII feel like these are the numbers I should be using and should stick too, but wanted to hear from others in the area who are actively buying.Let me know what you think?

This proactive approach not only helps manage expectations but also empowers landlords to plan and allocate resources accordingly, leading to smoother and more efficient property management.Provide Cost Estimates:When possible, it is highly beneficial to offer landlords estimated costs for repairs upfront.

Renovation Allowance: How much of the loan amount can be allocated for renovations?

On another note...when I went to scout the area & close...I was presented an current off-market opportunity that maybe out of range because I'm allocating my funds for my reno.

Think about this from a buyer or broker's perspective, if the seller is sure the tenant will vacate within the allocated time - why would they put up stink regarding reducing the escrow amount lol? 

Just have the funds allocated before the "crash". 

I think doing proper due diligence is the key, along with an investor educating themselves (which takes time) and also taking a hard look at themselves to making sure they understand their own risk tolerance, how much they are willing to put into real estate versus other options, and then how they best want to divvy up that allocation among the many RE strategies, asset types, capital stack variations, etc.

Know how much with your $35,000 you have to put down, and what of that lump sum you are going to be able to allocate to furniture, cleaning, etc.