Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

The current tenant is leaving and the HOA is now saying that we cannot rent it because the rental cap is full and we need to go on the waiting list. 

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

Welcome to BiggerPockets and best of luck investing!

Hi Gabriel, glad to connect.  

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

Here’s a quick guide to your options:1.

Feel free to take or leave my advice, but I think others will agree that, for now, you should focus on maximizing your savings rate, building your credit, paying off any owed debt, and house hack your first deal—just my two cents.

Hey nice to meet you PatrickI forgot to say that I’m an out of state investor but definitely want to come and join meetups I’m new to this market and thinking to invest on west Columbia, Lexington and Greenville on the northeast.