I wouldn't do one without having the ability to close and possibly carry the property short term though.

@Harlan VaughnMany people prefer the ability to invest in alternative assets such as real estate to highly restrictive plans setup by brokerages.

Just put a cousin or somebody in it and keep a bill going there in your name

The ability to shut down an HOA is going to vary from state-to-state, and based on the terms of the HOA's CC&Rs (aka declaration or covenants).

However, being successful at flipping Austin homes may depend on what type of home you want to flip and your ability to attract investors.Buying and Quickly FlippingWith the demand for Austin real estate being so high and inventory levels being comparatively low, buyers will likely be lining up for the home you're trying to flip.

Rates are kind of all over the place in Rome. 3/2 apartments outside of down that aren't very desirable can be $750-850.Downtown lofts ON Broad Street (the main road in our town) are all between $1,100 and 1,800, with half the square footage as our house would offer.Downtown houses near ours, but with 1,000+ more sq/ft than ours...rent for $2,500 or more.To the best of my ability, once it is renovated, it will be very desirable to our target market tenants (young professionals).

Looking at the job in their original application or move out packet will tell you loads about their money making abilities, and if they have something to go after.

So you have to figure out how to contact them before having the ability to "blast" a property to them.Contact Liz Silva at Old Republic Title to see if she can provide you with some lists.

I'd also be worried about their ability to complete the deal at the end, but that is a different ball of wax.Fixes:If you have a good working relationships with the folks, cancel the contract and let them stay there as renters (you can create a side agreement if you have the tolerance for this) then reinstate the contract AFTER you get your funds.Sell your interest to someone who will purchase it.Create a mortgage, and sell it on the secondary market (May need to take a discount, hire an attorney etc.)Hard Money LenderJV partnerPrivate MoneyGood Luck!

When you have rental property, you will have the ability to itemize the expenses for the upkeep, utilities you pay, general maintenance, property mgmt fees, mortgage interests, and other misc. expenses.On top of that, you also get to use depreciation over 27.5 years.