I've seen HOAs that limited or didn't allow rentingI've seen HOA cost from $120ish a month to thousands a monthIt all depends on the HOA for condos..Personally I'd prefer a HOA that does as little as possible and therefor the cost are minimal.

I'm just saying be cautious and try and minimize your risk.

I would just be responsible for repairs which should be minimal unless AC/furnace/water heater go out.

Expect 50/50, 60/40 splits as a rookie until you reach a certain plateau..office fees, transaction fees, franchise fees, etc...Once I learned the ropes, I broke away to a company who pays me 100% commish, with just a $99 fee for each deal, minimal support...

Minimize the rehab expenses and try to do things yourself to save $.

I understand the ideas of equity and capital gain from price appreciation on the underlying asset, but just from a sheer cash in the pocket standpoint wouldn't it make more sense to try to minimize the initial out-of-pocket acquistion cost on the investment?

The goal is to maximize the money you have in your pocket, not to minimize your taxes.

I'm naturally more friendly with my tenants which helps longevity but when people start to take advantage of you, you gotta see it and take the steps to evict or cut ties while minimizing your losses.

The triplex has only had minimal work done on it.

Hey, where else can you find a bunch of willing and ready newbs to actively seek out deals/business for you for a very very very very minimal return to them :)