This is key if you have another job because time is money.Best of luck in your endeavor and if your husband has his license, I'd recommend not getting a license. 1) You don't have to deal with all the rules and regulations that your husband might be held to. 2) you have access to the MLS through him.

I appreciate the support!!  

It appears we can easily get the 1% rule out of SFR rentals (I haven't seen any duplexes in that county) in that area.3.)

I use a set of conservative or semi-conservative rules that should keep me out of trouble if the market turns against me.

Do I take the issue up during contingency, or is creating these new rules a right I have as the owner, provided that I follow the lease? 

It will be helpful if the person is also familiar with 1031 Exchange rules.  

When I spoke to the president of the HOA, he told me that a 30% or better funded reserve was considered good but I don't have any basis of comparison and wanted to know if anyone had a good rule of thumb for how well funded an HOA of a 20 year building should be.

Definitely would not rule it out!  

@Presh DineshkumarMost of the Plus and Pro membership "perks" are very U.S.A. focussed - even the on-line calculators - and have less practical value to Canadians ... even those unfortunate enough to be stuck in the GTA ;-)Some Plus/Pro features .. such as the search members by zip or postal code now work (sort of) for Canadians (polite nagging can pay off ).If you are a flipper, or offer a real estate related service (architect, trade, etc), then the ability to post advertisements to the Real Estate Marketplace is a benefit.I upgraded to a Pro membership early on to support the site and its growth as I found it to be a credible venue for exchanging knowledge and making contacts with respect to real estate. 

I'm ready to bite the bullet but just don't have any support from family/friends or just don't understand why I want to get into flipping.