I hold the position of Treasurer on one and just got promoted from Treasurer to President on the other.No worries now about "the evil board" doing anything stupid.  

Maybe the house is $45k, but the repairs needed might put you in the $80-$90k range or more.The reason i say that, just about anyone would snatch a house that should lease for $1100 at a lot more than $45k (assuming that is a 'all in' price),,,maybe you found some hidden treasure of under priced houses (if you do run out and buy as many as you can),,but the market will generally keep that from happening,,As far as HELOC's go, I don't know that you can use the equity in a rental property for a HELOC (I'm not saying you can't, but I don't believe you can).  

@Katrina HighBP is a treasure chest full of useful resources.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

. – private lending)Tax lien certificatesLimited partnershipsLLC’sSub-C corporationsReal estate optionsSome types of precious metals… and the normal investments like stocks that your normal IRA can invest inBasically, this opens it up so you can buy investment real estate with your IRA… or be a private lender in real estate.Are There Restrictions?

Beige with white trim is so common, I would paint an accent wall in the living; or paint the kitchen "Pottery Barn" sage or the hall bath pale metallic silver with a shimmery, trendy shower curtain.

This forum is a treasure trove of knowledge, experience, anecdotes, and advice.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Also get the name of the treasurer of the board and ask how many assessments has there been in the past five years, are there any currently anticipated, what is the delinquency rate and review all the financials of the HOA.

Personally, I don't like hardwood per se for a rental but like some of the vinyl products that may have a wood look and install with a click and razor knife , or I like the big metal snips.