Here are the details:- Current occupancy with a monthly income of $2,750- Purchase price: approximately $145,000 (putting 25% down, around $36,250)- Location: McKeesport, PAAs a relatively new investor with two properties in different states, I'm looking for guidance on how to analyze this deal.

Quote from @Rich Thomas: You should have received documentation about the HOA board when you purchased.

I'm still not understanding how you capitalized that.

You can find rentals at $120k-$180k price points.

They think there's just some magic pixie dust out there that makes you successful.

There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".

I will say this short term sacrifice can lead to major long term gains.  

It's full of information on how to invest in other states.Look for Dave Meyers on BP.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I've already verified that it can be done as I've paid off the ones that were with Freddie Mac (or Fannie Mae).