I paid 250k for it.. association is maybe 100 a month and its a 50X60 .. we had two cirrus in it and a champ.. and all sorts of other toys one MUST have LOL.. some of our neighbors though had full on man caves with apartments etc in them. 

I gave my tenant 60 day notice to move by December 30th, She was seen on December 29th moving with a u haul truck and her walk through was scheduled for December 30th.

Even though i didn't really know what i was doing when i got started, the deal ended up being alright for me over the long haul, and allowed me to continue to learn and save up to buy more properties.  

Once my tenants get that 3 day notice they know it's time to haul it to the post office for a money order and a rush 2 day shipping envelope.

There are a number of other options than traditional bank financing, but really, if you're in this for the long haul and especially if you're looking at this from the perspective of a guy with some understanding of residential construction, you shouldn't try to fight the learning curve from the start with things like BRRRR, 3.5% down-payment FHA loans, all-cash offers with personal loans + cash advances from credit cards, etc.It's complicated enough learning how to run rentals.

I guess I am very novice and am still toying with the idea.

They might also leave more stuff for you to haul away when they leave.

So most of the folks wanted to just count on a certain amount of dollars that they could use for junk, toys, expenses, without losing or having to think about the original capital.

Although at the other rentals, I don't have to worry much about people running into buildings with U-Haul trucks.

It's all a risk and I figure a long term investment will get good profits for the long haul