The HOA Declaration of Trust it states the following:  "No unit owner shall make any addition, alteration, or improvement in or to his unit or any portion of the common areas and facilities to which he has the exclusive use, which may affect the appearance, structure, or mechanical systems of the condominium, or which is otherwise restricted by the Master Deed without the prior written consent thereto of the Trustees.

Originally posted by @Lane Kawaoka:2-4 units have bad exit strategies so consider that although the pro formas look better than sfh I disagree - all ours are setup as townhomes or condominiums from the outset.

The way I operate with my household (and future rentals) is using multiple "micro savings" (--> MS), each with its own designation (e.g. yearly expenses / vacation expenses / general savings etc).

If you keep it segregated, that works out to 20 as a household (10 for you, 10 for spouse).

In the last recession/depression households consolidated for the most part. 

One of the big demographics in the area that also seem to impact the potential for growth is the household median income.

You are negligent in your tenant training.No household furniture permitted.I would suggest you keep up on your quarterly inspections as she is likely a slob and you will need to police the entire unit. 

I’m located up in Maine and looking to do the same type of project Commercial condominiums.

Purchase price: $150,000 Cash invested: $50,800 2 Beds 2 Baths Condo at Napoli Luxury Condominiums at Naples Florida.

It doesn’t really matter if all the deductions you take is less than or equal to your  standard deduction ($24,000 if married, $18000 for head of household and $12000 if single).