The 2 other partners would be putting the majority of the capital down and I would be the general manager.

Instead of hiring someone I took it upon myself to do the majority of the work since I have a background in construction.

I'll be in Charlotte for the majority of next month, and would love to start building some relationships when I'm there.

If this is such as major issue that they sent a letter around, and they feel everyone should do it, then the best way to make sure it's done is they make it building wide project.When they do these projects however, they either increase the monthly fees for everyone, or do a one time assessment charge.

I'm in the bay area where literally anything you ever want to do to a house costs MEGA dollars, so I'm trying to learn how to estimate roughly the costs of basic repairs versus major repairs.

Inspection is pending, but property appears to be in good condition, considering age.Negatives: Town is quaint but low income -- rural, out of the way, no major industries, with published vacancy rate of 20%.

Key factors are major projects that have been approved by the city such as a 21.5 million dollar project in Tampa Heights, next to UT.

In a nutshell:Home needs major rehab.Mortgage is paid off.Has a job.Property is a 2 unit multi family and the 2nd unit is rented out and cash flowing.She says she has no credit history due to not using credit cards/LOC's at all.Says she has not been able to qualify for loans (HELOC, LOC, etc.) yet due to no credit history.The front unit, which she lives in, is in major need of an overhaul.

Maybe its a scam by the major credit bureaus to make money each and every time a credit report is pulled.

Oh one more - I stumbled across this while doing some more looking around... http://www.airportairparkhomes.com/listings.asp  Looks like a somewhat comprehensive listing of at least the majority of current fly-in communities.