Another part is local buying power.

You will need architectural and engineering plans for the builds.One of your other main points of diligence from the beginning is going to be how will you get water, power, sewer/septic, and potentially clearing of trees and other land issues to get to build these properties.

You can buy a house hack to live in which is pretty easy and also powerful.

I do agree the board of directors has huge power within the community though and can affect how it is maintained.  

Keep in mind: your agent should be doing everything in their power to help you figure out how to get a property under contract--particularly in this market, where many agents are hungry for business because they've suffered a serious downturn in contracts. 

Just make sure some sort of operating agreement is drafted and executed outlining whose rolls are what, who has decision making power to spend money on the asset, sell it, etc. this way you avoid conflict later.

You can connect with them in these groups listed below on Facebook.North CarolinaTennesseeTexasor use this trick on Google ("- Powered by Carrot" Oklahoma City, OK) and they should popup hope this helps.

Although it's a strategy that's good for beginners, there are plenty of very experienced RE investors who continue to HH, because it's such a powerful strategy.2.

And I think we're in the same boat, looking to start our REI journey.

One of the downsides of condo ownership - things may be your responsibility as far as the tenant is concern, but may not be within your power (rather delegated to the association)