Like Zachary and Andrew mentioned, the key is to make sure you document everything clearly.

This situation can make maintaining a rental unit a long-term problem due to lost rent.Or suppose an old building decreasing in value is becoming a money pit.

They also have amazing customer service which makes the monthly payment model worth it for me.

@John Anderson definitelyjust make sure the HOA allows investors purchase and rent from day 1.based on your budget, I know of another HOA in DFW that is allowing new builds for investors.

If they specialize in ADU's and making the most of smaller footprints that's for sure a plus. 

Places like Palo Alto, Sausalito, and Atherton are home to some of the most successful entrepreneurs in the world, making these areas true magnets of luxury and exclusivity.4.

Also the investor  who makes a conscientious effort to do these items is in most cases more prepared for when the liability event does occur. 

I take it you're not Edmonton based, so you'll be competing with other's who's numbers don't make a whole lot of economic sense once you factor in the value of their time.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.

A good mentor would take the time to make sure you understood what he was talking about, how to apply it and answer your questions.  

They dropped the price and went under contract before I could make an offer.