I'll start with the Axios interview I gave back in December and was published in January  Case and point, the low skilled Agents will be pushed out as there is now less low hanging fruit out there for them.The Elite Agents who have been superior to the low skilled Agents in everyway except for the willingness to work for a low wage, will no longer have to compete with 1,000's of low skilled Agents offering their services for a much lower price than the Elite Agents.Fewer low wage Agents means all that money rolls right back up to Daddy.

I looked into PM services, and based on my calculations, 25% of my net cash flow is going towards PM (factoring their initial 75% one-time setup fee and 8% management).Also, there are no 1-bedroom apartments or condos in the block - only 1+ bedrooms available - not for rent but none present.

We are a full service investments and development company.

He goes all out for guest experience though, well above the average host with car service, butlers, constantly upgrading amenities.For me it keeps coming back to a simple fact:  to beat the average, don't be average. 

I would think more so if you are buying out of state... it will be very time consuming to have to go search for all your trades and services. 

You set a reserve ( the least you will take ) House is sold AS IS , And the buyer pays all the fees . 

So although you aren't selling a good, your are still offering a service to that person.

Look at the finances of the HOA, how big is the reserve, were there major improvements made recently (roofs, paint, paving)? 

Traditional DSCR (Debt Service Coverage Ratio) loans typically consider the entire property's rental income, not individual rooms.

Overall I definetly have this in the back of my mind, but agree with you that this could be a stretch and may be more advantageous to build reserves and save more $ for a down payment.