So we made it up in volume. we borrowed on master lines of credit from our banks at 5 to 6% then loan it back out.. so we capture the points and our rate was 12 to 15% ( pre 2010) so we had a pretty nice delta going on the 30 million we had out. 

Board of directors decided that as of this year all Investor Owners are required to provide a provisional copy of any lease to determine whether or not it complies with the Master Deed as it is written with regard to the leasing of units.  

But you will get pitched on a 2500 dollar weekend and up to a 50k master class. 

We had the same problem with our own American Standard toilet in our master bathroom.  

Also make sure if it was newly renovated they didn't lipstick the property with carpet,paint, replace door knobs etc.You want big items like heating,a/c, roof, plumbing, electrical,etc. to have a lot of life left on them.If you buy based on inflated rents and then have flat to depressed rent in coming years, higher turnover and make ready costs, and high capital costs for large ticket items you could lose a bunch of money.Make sure the property insurance policy is not a master one insuring multiple properties as the owners policy could be low in cost compared to what you will pay.

A Masters Degree in Art History equals zero in the real world.

I have, like many invested in education (bachelors/master) looking for my piece of the American dream.

I chose to owner occupy this one and fix it up myself, as I only had about 3,000 to my name and have been finishing my Master's degree, while working full-time.

I've been a master at solving construction issues for a long time, and would love to help anyone who is stuck in a tight spot.4.  

Simply do your homework, begin with one, learn it, master it and then keep moving, rinse, repeat.Happy Investing!