The common areas taken care of by the HOA were all the exterior parts of the units, and the pool.

@Brad S.Good to see you're thinking about utilization. 

I'm evaluating a RealtyShares.com common equity investment offering for Twin River Commons in Binghampton, NY with target return 14%. 

It will also be easier to rent in the future when you show potential new tenants the lower utility bills. 

She sent the proposed lease over, and I'm a bit concerned, but don't know if I should be.Attached lease:https://imgur.com/a/ja9G9mK-Is the ROFR a pretty common thing in leases?

On the one hand, at $325/night, you only need 8-9 nights per month to cover your mortgage, utilities, and cleaning. 

When I see it the amount is 12-15% but I see people in your position utilize that huge equity as an easy way to get private short term money from friends and family and then clean it up on your cash out refinance on the new property.At the same time look at your cost you pay for the existing loan vs a refinance. 

ITs common for HML to require a LLC to loan to so its clearly a business purpose loan and not run afoul of DF..

If owned by individuals, are there already roads and utilities available?

I just furnished a house to rent out and the utilities went way up due to air conditioning costs, etc.