The reasoning that was shared is that there is not currently any means to have the renter enter into an agreement with the HOA and there would be uncovered liability. 

If you are attempting to simply work the renovations in over time, you run the risk of the rehab budget conflicting with your operating budget.

I am interested in entering into a partnership with a friend to purchase real estate for long term land lording.

Will I still be required to put down as much as 40% simply because I am not owner occupying it?

The purchase price of duplexes and quadplexes seem good on the surface but once I enter them in the calculator it’s non favorable.

I had three years interning in the field and I was getting BLOWN up by offers from various Mortgage companies, so I finally decided to cut my losses at $40k of debt, enter the work force and stop racking up debt that I'm really not deriving direct, tangible value from. 

Why take that chance when simply getting a $1 mil umbrella policy will protect you just fine?

For example, the tenants we had in a unit would simply bust out the screens so that they could throw stuff out the windows. 

I am simply looking for people of this area i can meet with maybe buy a coffee and pick your brain for a minute or two, i may not be a asset now but in time i will be so looking for those who are willing to help me grow as i want to help others reach there goals as well. looking forward to speaking to you all soon. be great!

It's simply important for the investor to go through which of his properties are easiest to manage and where large repairs are not expected anytime soon.