Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

There are hundreds of discussion threads about our company on BP. 

Did you lie to the mortgage co and produce a “bogus” lease in order to obtain financing?  

@David Lewis:-) I advise most of our members to read "Acres of Diamonds" then let's have a discussion, if you want?

If possible, in the future I would try to obtain a copy of a standard Condo questionnaire from the HOA prior to the mortgage application process and ask your lender to review it in advance in order to mitigate some of the time and costs risks associated.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Anyone willing to chat, share experiences, and discuss numbers is more than welcome and your feedback is appreciated!

Look forward to discuss further with you!