I feel the HOA is high, but then when i compare it to bad neighborhoods with ugly housing, their HOAs are even higher! 

I generally think it is a bad idea for someone with a license to participate in wholesaling.

If not, you may have little or no idea of the quality of what you're investing in). 

Hey, guys.I hope everyone down in Louisiana is faring ok during these historic floods.I never in my life thought things could ever get this bad.

Of course, any RE investment can have a bad year, so you also need to account for the possibility that taxes, insurance, or mortgage payments may not be fully covered by rental income if you have a lot of vacancy due to repairs, low rental demand etc  - basically what is the worst case scenario cash-flow and expense wise?

Tell them you're finishing school to build your foundation so you'll be a better equipped investor and professional.  

Some people will say, "Take out a quality Insurance Policy and you will be protected."

Anyway I wouldn't worry about one bad speaker.  

Some elements that will make a condo non-warrantable are:* High investor ratio* Insufficient reserves/Bad financials* Litigation* Buying as investment vs primary/2ndWhen the condo is deemed non-warrantable for the specific transaction, then the only financing option left is a non-warrantable condo portfolio loan.Hope this helps.

Bad debt is bad debt and needs to be eliminated at the fastest rate possible.