What that usually won't cover are the big expenditures, like the AC needs to be replaced (say $4,000-5,000), or the roof needs to be replaced (say $10,000 to $20,000).  

So, if you would prefer to receive that extra 3% as cash assistance, it may be worth increasing what you're putting into the deal to get it that way.

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

Other documents like Rules and Regulations, Bylaws, Design / Architectural Guidelines are usually not recorded.

In my experience, once it gets to the no communication stage it usually never works out

Business travelers want a desk, fast internet and usually good coffee. 

Having a stable job can help you handle unexpected expenses and save for buying new properties.Many new investors are often looking for deals with good cashflow, but these are usually in less safe areas because they come with higher risks then investors are expecting higher cashflow.I suggest focusing on the long-term growth in property value rather than immediate cashflow.

Usually there is enough margin to make good money and keep my fashion taste current and my subs happy.

Those fee should be standard across the board and be the same or very close to the same for whatever you build.Next you need to understand that usually the larger the property the cheaper it gets per SQFT.  

I’m in the process of buying my first turn key property as opposed to the value add ones I usually buy.