So basically if you have an unforseen situation and can not pay the HOA, they can foreclose on your property that you are paying the mortgage on every month.Most investors want to have control of the situation especially if they have a mortgage on the property.

Can you guys suggest a linked post on topics related to starting out as a new investor:- basic setup- marketing strategies- exit strategies

Basically I am a free agent. :) I absolutely love what I do and enjoy the thrill of learning so much throughout a day, taking on the challenges before me, and interacting with the most outstanding people and working the most interesting projects.

main two questions they love to ask are:1. how many properties do you own, and in what states and etc (basically they want you to provide them a small list of the properties you own)?

They most likely are.Use your head when dealign with people, 90% of the population basically stinks.

I thought I saw a post here that basically talked about using hard money at 70% ARV.

I would also suggest before you consider buying one, to first write out a basic business plan with cost figures to open your eyes to some cost you may have not of figured in (vacancy, maintenance, insurance etc cost).

Chris,Understanding the basics is always a good thing.

Basicly im making 9-10k a year profit.

After talking to one of the tech's, I found out that the control was working exactly the way it should, basically shutting my furnace down because something else was wrong.