They, the developer, are the HOA until they sell all the units, and then the community will take over.the ones with high HOA 200-500/mo usually are townhouses, they cover roof, paint, pool, playground, even patios and decks.

I'm going to guess that your properties have to undergo an occupancy inspection from the city, so what constitutes habitable and safe is set by the city.

That should give you a safe cash cushion throughout the project.   

. :)  Sioux Falls has felt very safe which has been nice and why this situation was unexpected...

Some windows are older, but serviceable at the moment.Loan would be 5% down at 5% interest rate(won't be that high, but using to be safe)This is all calculated for when it is fully tenant occupied - List price $112,000Monthly rent - $1,600 (can probably get more, but want to be somewhat conservative)Total operating expenses: $833.42Mortgage expenses:$571.18Vacancy:$80.00Repairs:$112.00CapEx:$112.00Garbage:$40.00Insurance:$80.00Management:$80.00P&I:$571.18Property Taxes:$289.42Misc:$40.00Cashflow would be right around $200 per month.What do you guys think?!

For that reason, the range of pricing in the book assumes just supply lines.That said, if you're only adding drains to one or two areas (like a new bathroom, for example), the additional cost shouldn't be very great.If you're replacing all the plumbing in the house (supply lines and drain lines), then to be safe you may want to add $50-100 per fixture (or at very least, assume the high side of the range).  

Does anyone know of anything safe that is guaranteed a 10% rate of return?

And what is a safe amount to leverage but still grow my portfolio quickly?

If someone alters the inside without a permit, the officials would never know until it's bought to their attention.To be safe, I would have a building inspector have a look at it to make sure all is well.

However, the location, schools and charm of Edgewood (and the Hollywood area) to me makes it a fairly safe bet.