Can anyone offer insight, resources, or educational material to get me up to speed on what it is?

Most HOAs are required to get a professional financial audit and file a tax return each year and then there may be legal fees to collect back dues from people who aren't paying.There is a LOT that goes on behind the scenes in an HOA. 

But since I owned multiple units that were collecting income I could go through the eviction process without any repercussions of my personal bank account.  

He plans to invest in about 30 apartment units this year.Since I have a team of realtors and property managers in place and act also as his partner this won't require much or any administrative work (e.g. collecting rents, finding new tenants, etc.) on his behalf.So if you want to know more about real estate investment options from someone who has been in the real estate business in Costa Rica for 12 years now, don't hesitate to chat with me via Skype, WhatsApp or Phone:Cheers, Tobias

Second, as someone said, you should have checked on rental prices and comps before buying since optimistically with construction costs of 100 per sq ft, a 2k sq ft multifamily is easily going to be in the 200-250k construction costs including permits, fees etcAt that level, you would need to collect 2k in rent a month just  break even on the construction + costs.

BP has already been an amazing resource already and I'm only getting started.I'm looking to make buy my first <$100k SFH cash flow property in the next month or 2.

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

Any favorite resources you can suggest would be great!

I've used Venmo to collect rent when I didn't have an LLC but my new tenant likes to just go to my bank and make the deposit which is fine. 

The info and resources here are (fantastically) overwhelming, updates would be a great idea.