Right now you're a middle man, if you own the places you cut out one level of middle-man and get off the ever-increasing rent treadmill, which is always a good/easy way to increase net profit.

The governing documents could be a make or break it deal, despite allowing rentals I know of townhomes in Lakeville that charge move-in move out fees that are astronomical.To pay the association $250 because you got a new tenant moving in doesn't seem like that big of a deal, but to pay another $250 for them to move out and another $250 for someone else to move in could really start to cut into the passive income you seek.In addition to the governing documents it would be in your best interest to ask a few neighbors within the community what their overall satisfaction is with the board and the association management company since your not going to live there this tone could be a positive or negative for REI.But out of everything I've said the most important aspect of considering purchasing within a Townhouse association is to determine The strength of the financials.

You would keep the points and could even take a cut of the interest.

Cut it to size, sprayed water against the glass and positioned the wrap.

Is he getting a cut of the profit at sale?

In addition it seems like a lot of trees were cut but what worries us is the money we would have to budget. 

I am mostly considering doing this to use losses from the rental property to cut back on my taxes from the non taxed commissions I receive. 

Do not cut any corners to make a property look good on paper.  

OR will I need to suck it up, cut back into the floor, install a toilet flange with a kickback and just get it done?

This is not the place to cut corners.