Well, you have control over which offerings you invest in, what sponsors you invest with etc...but once the investment is made you have no control over the operations and decisions. 

This is also after a lot of back and forth with the buyer first saying they would accept a letter from the HOA stating they are responsible for fixing the sheathing and then deciding the email from them wasn't good enough.Here is the contract language in this regard if anyone is curious:If the infestation report reveals the presence or indication of or damages by termite infestation or other wood destroying organisms, Seller shall remedy such deficiencies and shall furnish the Buyer with an infestation report by a qualified/licensed/bonded pest control operator (dated no earlier than 30 calendar days prior to Closing) that the Property is free from infestation or any damage herein mentioned; or documentation that the infestation has been treated and damage has been repaired as appropriate in a workmanlike manner on or before closing and reported by an appropriate licensee.

As long as its an active real estate market, and its not overrun by other wholesalers, it's likely fine to operate in.As far as finding sellers, you have a few options.

Ian they passed short term rentals and most of the legislation goes into affect later this year or early next year in columbus , we are short term rental operators. 

For the 5 unit, the value of the property is based on the net operating income and the market cap rate.You will also need to secure a commercial loan on a 5 unit property, whereas you can get a residential loan for a 2 to 4 unit.

I am currently completing a major in finance and accounting and  hold a real estate licence but currently not working in the Industry as I own and operate my own pizza business.

I want to generate monthly cash flow so I'm thinking buy and hold (rent). 

I use a 3rd party service that allows me to request the prospective tenant pay for their background check online and then the 3rd party will generate the background check and send it to me. 3) Well, in that case, you are in a tough spot.

HOAs count on that money for their operations.

They're priced based on comparables.Multi-Family units are designed from the begining, from inception to construction to sales, as a means to generate passive income.