Hi Wayne,I am entirely new to all this and I just want to understand fully how things impact the sale and subsequent flip or rental.

Sheetrock walls, woodwork, fixtures and hardware easier to replace, standard electrical outlet boxes, wall closets with sliding doors, functional floor plans with larger rooms, poured foundations, windows are more standardized but can still be odd sizes, dimensional lumber but better quality than we usually get today.

And if this goes on what are your thoughts on a sliding scale finder's fee, how would you say that would look like?

Otherwise, you may spend large amounts of your precious time researching information that is readily available to those who have a RE license, and subsequently have "insiders' knowledge."

Subsequently I'm going to continue to evaluate and search for properties to get my own foot in the door. 

She said she had a lawyer and that she was fighting the HOA for singling her out, especially after all this time; which made me think, have you received any updates (in writing) from your HOA she said she didn't know.What I suspect is that the HOA has made subtle change to the charter/agreement which has subsequently allowed this seller to be exposed. 

While it nets me a small positive every month due to a large down, I'll have to get more creative on subsequent deals, therefore your approach is very helpful. 

So, if you're anticipating selling the house in 10 years, and want to know what your IRR is, you have to figure the cost of selling and bringing the building up to the buyers standards... 10% should be a good number unless you've let maintenance slide.  

It needs a fair amount of work (Flooring, Full bathroom remodel, Full kitchen, New window in bedroom and new sliding glass doors).

He gutted out the entire 1960s studio, opened up the kitchen space area, moved the gas stove line, installed new dry walls, new sliding doors in the back, new water heater, etc.