Special assessments will blow your rules out of the water, just like major repairs need many years to amortize over your investment to meet your percentage "criteria", an unplanned special assessment is hard to swallow for an investor.It is in the nature of the board to not raise dues.

There is no relationship of equity established in a market to an honest day's work, pay or charge.A contractor is, by the nature of the business, in a limited service business.

My wife and I are conservative by nature so the thought of 15-20 mortgages is scary to us.

Our houses that we work on are not restoration projects, but more of a bringing the original flavor back to life with some updated points.For an example, last year we worked on an amazing home with a smaller footprint (720 sq ft) but had three stories.The Craftsmanship of the word work was outstanding; just a little rough at places and 90% of it was painted.If this was our own home, we might have stripped the paint, revealed the oak, and refinished all the woodwork, making it drop dead gorgeous (We love natural wood).

Brainstorming what I can do in addition to direct mail, naturally cold calling came up but it seems like a difficult prospect group.One more question if you'd be so kind: what have been your best probate referral sources?

The only way this works is if you can lower heating by switching to natural gas if it is available in your area.

However, if you spend a few thousand and get a well on the property, most lenders will do a land loan for 50% down since it's now considered serviced (our power was at the property line, natural gas is almost a mile away so we have propane brought in) and our credit union will do 75% LTV. 

Naturally this will only cover units that are listed but it's relatively accurate.Thanks!

I have a list of emerging markets across the country shoot me an EMAIL I can send as an attachement.Go to IREM.org search for ARM certified property managers.

You have a powerful natural motivation that many others don't have!