Hop on VRBO and Airbnb and check out other homes in the area that are similar to yours and see what they are doing and what you can learn from your neighbors. 

Hi Sangwon, Welcome to the community- There a lot of good professionals and resources here on BP to learn and grow. 

The HOA funds are limited and if something happens, there will likely be a special assessment; roof and/or exterior paint are the big ticket items that are near end of life according to building assessment. 

You're in the right place to learn about real estate investing.

Then a year later, when I learned they still have over 30 vacant condos, I figured I pick up another one for $40K, but this time the real estate agent said, they're going for $65K now.

Can the time you spend learning about Rental Property count as managing your rental property?

Lessons learned?

Direct Control: Managing the project yourself gives you direct control over every aspect, from selecting materials to scheduling subcontractors, ensuring that your vision is accurately 3.Learning Experience: Taking on the role of a GC can be a valuable learning experience, providing insight into the construction process and improving your skills for future projects.4.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I can't know this for certain, of course.Not sure if this is worth pursuing with a lawyer or chalking this up to a lesson learned (be very careful buying properties in a wet area with finished basements, ensure it is suitably water-proofed).