Thank you for the tip though I think it's a great idea if there are new investors out there looking for a way to get started!

I guess their daily routine involves littering their q tips.  

I wrote a blog last week with some tips about this.

However, most of the time the lender is going to require another appraisal meaning another appraisal cost paid for by the borrower.Do you have hard money loan tips or questions? 

You have two problems that can be nipped in the bud by taking control of the situation: unrealistic tenant demands (that will likely escalate), and a PM that is not PM'ing 100%.

Like the zoho.com tip.

Feel Free to reach out with any tips and tricks and I'll surely reciprocate when I learn enough to be helpful!!!

Tip: A Self Managed HOA that has no real estate experience and is managing the building = drama.Back to topic :)A healthy HOA should be able to tell you the status of the reserve account and whether or not the current monthly assessments consider projections for the next 10 years.

are there any investors who have made this business model work and can give me some insight on this to consider and tips on how to make it profitable and beneficial for these neighborhoods?

I have already learned some helpful tips that I plan to put to use.