Robert, I did try to look at the situation from different angles.

They are looking for an angle. 2.)

Management fees vary widely depending on the market and can be anywhere from 20-40% (or even as high as 50% but that's less typical)  If somehow here it's a flat fee included in the HOA, well, score!

I understand that there's a wide variety of possible durations, but I want to understand in general what's considered a short time frame versus a long time frame.  

You also have to consider earnest money, and due diligence costs and who is going to put those forward, as well as who will do what needed actual work before close and after close.Just another angle to think about.Good Luck!

I ask because so many investors work in such a wide variety of areas and price points of the country.

@Jeffrey Sommer Just to give you a general idea - anywhere from $20-$45k depending on who the contractor is (there are wide range of levels of experience and work quality), and you will run into unexpected issues no matter what - from roof issues, to electric to plumbing to unlevel floors, to rotted joists and a hundred other things I can think of from the 50 projects I have done in Philly.

This covers both angles.

Thanks for that other angle of thinking! 

My goal is to be a buy and hold investor with a wide variety in my portfolio.