Will require a decent amount of money out of pocket and would take 9 months of total rent to re-coup my repair costs, or about 2 years of the “increased” rent to pay for repairs. 

Hey Sam - Great question as it seems very simple on paper, as most things do.

The investor will continue with the same bank, but the payments will either increase or decrease based on the current interest rate.

I thought this was as simple as creating (3) separate amortized payment schedules for the amounts owed. 

If I proceed with a townhome/condo, how likely and how often in the past have HOA costs increased? 

Hi Amber - there are some key determinants to increased revenue here on the Grand Strand.  1) an elevator if greater than two stories, 2) proximity to the beach, 3) a pool, and 4) a jacuzzi or spa.  

The housing affordability in this city combined with a steadily increasing home demand brought on by job and population expansion makes it an attractive market for long-term investments as well as short-term rental revenue.As for the population in Jacksonville, it is predicted to expand faster than the national average, reaching 1,749,964 by the end of 2024 in the metro region.

Refinished the original floors (massive value increase), fixed the heating and air system, painted all rooms, cleaned up the yard for curb appeal What was the outcome?

Neither situation leads the investor any closer to wealth accumulation, except in rare circumstances of inflationary price increases, and onLy IF he has the ability to subsidize short term loses.   

We use them for our 14 unit property and the process was simple.