We have a lot in common.

On these types of properties you do not want any loan with a pre-pay penalty.It's a common mistake I see to get pre-pay loan financing on a turn around asset.

We won't be at scale for importing construction products unless we are doing a lot more volume than currently doing so I am interested in reaching out to other investors doing volume to subsidize our own and begin importing containers of common builder spec materials.

I will manage these buildings, I currently manage another 4 unit building in the same area and know with updates the total rents could increase $3-4$k/yr.Current Rents:  $3900/mo $46,800/yearVacancy: 10% $4,680/yr (actual vacancy rate for area is below 5%)Taxes: $3838/yrInsurance: $2840/yr for cash value not replacement cost (getting more quotes)Maintenance: $4500/yrUtilities: $6,500 (owner currently pays common electric, sewer/trash, and buildings are on well so softener salt and electricity for water pumps.)Budgeting $5k/yr for capexLeaves: $19,442 for debt and cash flow

I am from Minnesota and currently at school (health care field) in Oregon.

One of my newer properties, the tenant has a common law marriage with the man that assaulted her.

I think the scrapes will be less common north of 44th because of the zoning.

The 50% rule is common, but a well managed property, especially an MFU, can-should be operated at 30% expense/GSI.At the early stages of evaluating a prospective purchase, 80% is IMO, beyond hope of becoming profitable.  

I see this parking spot as a common element-part of the property but deeded to no particular unit, so not a limited common element. 

You do understand the difference between the common area policy (hopefully) carried by your HOA and the policy you are carrying for your unit don't you?