There has to be room for closing costs, carrying costs, repairs, profit for the flipper, and your wholesale fee.

You pay an HOA fee and it covers electricity, maintenance, utilities, etc.

Last time my lawyer checked the balance it was about $400,000 with lawyer fees included.

Anyone know the best way to find out which units are delinquent on their HOA fees?

Tenants stop paying it.If you really want to expand it, setup a fee to wave the deposit.

closing costs is a super general term that could involve all sorts of line items, so you really need to break down what fees and expenses you want to /  your lender will allow to be financed, and what you have to pay in cash up front.I prefer to pay as much as possible up front, and usually I pay 100% of any Loan fees and closing costs at the time of a purchase or a refi. 

In that situation, should I pay any fees to the agent? 

I'll also have to hire a property management company to rent the place out for me and manage it going forward (so, 10% there).Here's the math I'm looking at:Current annual gross rents: $16,800Projected annual gross rent: $21,600Management fees (10%): $2,160Net: $19,440 = $2,640 increased annual revenueIf I am spending $15k, it'll take me ~6 years to make that income back up.

I use propertyradar.com, their highest level tier subscription gives you phone numbers.

Termination fee's for terminating the roof lease prior to the end of a 20-year term can also be a big deterrent.