The high HOA's in highrises normally kill cash flow.

You will most definitely need 25-35% down, high reserves, experience with 5+ MFH, and usually a net worth greater or equal to the loan amount.

There is just no pressure for them to be anything but honest.2. 

My strategy is to buy and hold these properties, unfortunately I bought this one in January when rates were high.

If the concentration of these near your location is high, then we would consider the area viable.

If you're in an area where the scam potential is high, you want to be careful.

There are lenders that will allow up to high combined loan to values for helocs and/or second mortgages. 

It is a 4bed 3bath 3200sqft $1.2m custom homeBenefits- no HOA or rules restricting STR -1mile (walkable) from historic downtown or from the Rock park-house has nice views and is pretty secluded from neighbors and feels private-assumable loan with much lower than market paymentDraw backs- high price -no comps, new house in older neighborhood.

This means, site plan has been signed off by the county, building plan is approved, site has water, electricity, and sewer/septic.

Is that because well water is generally harder on the filter mechanics?