Yes, generally you don't have to worry about the typical big ticket items because they are covered by the association.Are you buying to flip or to hold?

Thats super cool and all, but the materials on that project are going to round in the thousands, That cable rail is about $250 a ft when you add in the parts and stuff, he would need one super high end flip to make that work.Originally posted by @Ola Dantis:@Nicholas Fisher Oh wow...

How do they get away with it? 

Age of big ticket items and bones of the house.

As the round number of units would be, say, 14%.

What is the lowest payment/interest I can get away with to be in compliance with the IRS?

Definitely going to add these notes in my next round of research!

About half of our tenants are students but they are all "non-traditional" students with regular year round jobs-- working people.

Hopefully round 2 will go better than the first time.  

Often there is a looot of offer, so you have a big sample of what is available throughout the year round, but in summer time, there are usually at best prices.