My podcast co-host Liz Faircloth and I are looking to interview successful women who invest in Real Estate to understand their secret sauce to live a financially free and balanced life. 

If the HOA is defunct, not operating properly, is underfunded, or has any other issues, it can prevent financing challenges for future owners (read this affects your exit), and effects the quality of the overall property.

My dad is a contractor and he works on some of the condos they have in Boston proper and the prices are enough to make your head spin.

Here's the last six months, for the 100% perfect "Walk on Water" scenario (owner occ, 20% down, sfr, not jumbo or high balance, etc etc) that everyone tracks @ a cost of a bit less than 1 discount point:

There was a guy that did a post the other day who was 21 and already saved $100k.A lot of the times (this is not legal or insurance advice), but your assets can be adequately protected via proper insurance on the property which would included a liability policy, and then with an additional umbrella policy.Keep in mind, transferring a property from your personal name to an LLC could trigger the loan's due on sales close.

The only luck, if any, that exists in business is bad luck, all else depends on strict business practices......proper and thorough screening.

This is very popular in rentals with hands-off or absentee landlords who don't handle much of their own maintenance.We do business in Pittsburgh, the city proper and the immediate suburbs.

When I looked at it a few things jumped out at me; it looked like a manufactured home but it was stick built, adding to the look was a 1 X 6" molding between the "skirting" and the house proper, that was painted a clashing color, it was a 2/1 but there was an 8' X 14' laundry room that was crying out to be a 1/2 bath. 

Not properly screening can turn out really bad or you can get lucky.

You need to work with only Motivated Sellers by asking proper questions and determine whether this is a Motivated Seller by phone and before going to meet owner to determine if Motivated is a waste of valuable time.