Check the state regulations concerning HOAs.I know that in one state where I purchased a new condo there is a law (about 5 years old now) that requires there to be a reserve fund set up and the costs of all items to be estimated over their effective life.

How many are effective is a different question.I have done an a lot of business without a website.

I've found that the decision is often based more on the availability of good, reliable, cost effective labor.

They are "equal" partners in this venture, and as such each has a responsibilty to the others to not commit "waste".2.

Why waste tying up your money when you don't have to and especially if you don't have it?

For a buy and hold investor lists of buyers would be a waste of time in most cases.John Corey

He's not really getting anything if I take it for the loan balance, so if the price dropped he'd effectively be paying me to take his house and equity.

follow the markets - maybe down south east. or texas.you're wasting your time in NYC or NY, long islandish - unless you're a "webuyuglyhouses" guy - or you've got CASH or a CLOSE CONTACT who does - you're really behind the eight ball.i mean you can join a rei club and "network" - but even there, that takes time, you've got to learn the MARKET, bs with people.

I don't want it to effect my borrowing ability for my future primary, also in the 500k range.

- If similar legislation was inacted in the state in which you do business, how would this effect your business & profits?