Then it is approved in your State, and won't serve to slant the contract in your favor.  

Hi guys, I found a few 2 bed 1 bath condo in riverside CA for $50k (same community)It is section 8 approved.But it has an HOA of $250/monthI would want to do a a loan for 70% LTV so I can pick up a few of them and still have positive cash flow of about $200 each but I have a few concerns that I was hoping to get some opinions on. 1) HOA is pretty high and I hear that you should not buy investment properties in HOA communities. 2) I hear that it's hard to find financing for a loan size this small.

Your "syndication" cost are too high for the size deal.

Depending on the size you are looking for, you can search realtor.com for smaller deals (mostly less than 20 units that are often listed by residential brokers) and LoopNet for small to large.

Going to attempt to summarize everything up to this point.Current Stage of construction: FramingWe purchased this lot about 3 years ago for $6000Have built 3 homes in this same neighborhood, this is our 4thTook about 6 months of re-zoning to allow for a variance in the rear of the property so we could maximize the size of the home, mainly to accomadate a master bedroom downstairsLot was vacant, cleared out a few trees and started on the foundation, concrete slabAltered the plan a bit so that the patio faced east instead of north, thus making it open to the patio.Project Description: 2-story home, 3 bed, 2.5 bath, 1 office, 1 game room/4th bed2808 sqft,  Lot  6,568 sqft        

I work with #Bob Arnold, he is used to serve the army and now he is a Harvard graduated attorney with offices in Brickell.

.$2500 seems high...not sure on sizeFlooring seems high - not sure on size...regional flooring companies in my market are very affordable and reliablePlumbing and electrical - I don't have plans to re-plumb or re-wire units every 20-30 years but do include estimated cap ex for fixtures.Off topic but consider LVT rather than laminate wood...it's very durable and can get wet.  

For the size of you project, I'd make sure you get a 9-12 month hard money loan. 6 months won't be long enough.

By looking at comps on the market that are similarly in size, upgrades or not, basement/ no basement, garage, backyard size, etc it can help you price out the property you're scoping out to re-sell or rent.

In addition to the price ask how many bedrooms, bathrooms, basement, attic, pool, deck, size, rent (if it is multifamily), location (how close to beach, transportation, job), updated or outdated appliances or cabinets etc the house has.