I am not following all of the numbers - mostly the cash on cash return $55k in for $6,944 annually.

I also love YNAB for personal budgeting and use it religiously (knowing your income/expenses to the penny is key to profitable money management), so for the past few months I've increased my savings by pretending I'm carrying a note on a BRRRR and paying money into an account as if I'm in the middle of a 6 month rehab phase.I recommend that if you haven't laid out a business plan yet, grab a pen and paper and start mapping out your goals and how you'll get there. 

Not sure if this is most appropriate forum, but here we go:In my analysis, I deduct 25% from gross rent to account for repair and maintenance, Capex, and vacancy, and to build up reserves. 

Account Closed, I might also try to extend the due diligence period, we'll see how the inspection goes today.  

Then would times that by twelve to get annual NOI.

The fund would be investing 100,000 for 5 years and getting an estimated return of 18 - 24% annually over the course.

Account Closed Adverse possession could apply; otherwise there's a legal concept called acquiescence in Colorado.  

But the problem is that the current HOA has no legal representation currently no board, no valid address etc. now another investor came in and bought about 70% of the units and they plan on trying to get the HOA up and running at the annual meeting in February.

In the future, this will be a question I add to my diligence checklist, but in this instance, is it reasonable to ask the seller to make a purchase price concession to account for the missing security deposits?

Originally posted by Account Closed:I don't think it is right to inflate the price personally  I believe it is just a bad use of phrase.