link to its listing on realtor.com The inside photos look of it look very nice (though the style is getting slightly dated after 12 years) and the outside is still well-maintained.

It costs me about $5k per year just to maintain a license.

Once you have a property inspected you can get a much better estimate for repair costs as you will know if it has been properly maintained or if there is a lot of deferred maintenance. 

Unless the house is perfectly maintain f and licensed, I would pass.

You should have liability coverage in the 1M - 2M range and require your tenants to have 1M liability as well.As long as you operate a safe business environment and properly maintain your properties there should be no issues.

They have no down payment, no skin in the game, so what you're looking to do is hold a note for people with no money down, counting on them to maintain the house as it should be maintained, and giving them an interest in the house such that if/when they quit paying you have to foreclose.

I have seen how hot tubs can look at STRs even with this in practice and I for one will not be using a hot tub where this practice wasn't maintained at an STR. 

Other folks like the idea of paying a flat fee in dues to the HOA because they know they don't have to worry about cutting a lawn, maintaining a pool or fitness center, repairing or painting the exterior and so on.I bought my first property at the age of 20, and bought a townhouse specifically because I wanted an HOA.

My day job includes financial oversight of school facilities remodeling so I know enough to not "pull it" but rather "cover it" (may choose a wood laminate) but I have a few questions I am having trouble getting answered;1) In schools we are required to create and maintain an Asbestos plan with includes the identification, containment and abatement processes for all of our buildings.

Depending on the areas, I'm willing to budge on the cap rates that I try to maintain, or the financing I try to obtain.