They genuinely do not want to know so the less they know the less stress you will have in operating the business.If she does come around and wants to be involved you are stuck with a spouse as a active business partner.

I wanted to clear a few things in case It happens again.In a deal like this, how do you guys deal with the HOA, meaning, do you investigate about active/potential special assessments?

Some of my personal favorites are:EuclidSouth EuclidCleveland HeightsBedfordBedford HeightsWillowickEastlakeMentor 

To make things simple, assume rents and interest rates stay the same and the home value appreciates, so you're not spending any additional money on value-add activity , to $120k.

It is the other buildings, other owners who do not actively participate, HOA board, and management company that should get the blame. 

Send me a DM and let's get on the phone, I can walk you through the process.Also, see my thread about one of our active development deals, which outlines almost the entire process (not done yet, but soon): https://www.biggerpockets.com/forums/44/topics/427...

The only downside for me (besides debt service) is the opportunity cost of not having the money actively invested. 

While appraisers do need to include actives/pendings in their report, a sold comparable will carry primary weight.

We are both searching for avenues to increase our active and passive income in the Denver Metro area.

The cost is that you need to pay to create an LLC and keep it active yearly.