Here's my process on determining the health of a HOA.  1.)

I know the desire to own and hold properties, i share the same sentiment but without cash it will be really difficult. the saying, cash is king, is for a reason because it gets to demand lot of others to its tune...So saying, if your analysis and research proves that you are getting a GREAT deal and that your payment back in the 401k is surely met (unless you decided to pay the early withdrawal penalty and tax) and your risk for any health/life event needs are less to none, then i say go for it...I encourage you to go forth and prosper...but if you are having any second thoughts on your course of action, then HOLD back and save up as much as you can till you are not held back with any second thoughts... just my 2 cents bud...all the best

Thanks I think it is a common misconception that all foreclosures are good deals.  

*This free home and lot rent is actually pretty common, so don't worry about missing out on this opportunity because you didn't act quick enough.

Wholesaling" as THE TERM IS COMMONLY UNDERSTOOD, is illegal in Ohio.Done correctly it is not.  

Lukas Katko I have a couple thoughts here.First, 12 mo leases are common for students.

Its possible flooding issue in the common area.

I was thinking of making rent all inclusive with rent, utilities, cable, internet, cleaning services and household common area shopping( toilet paper, soap etc).

Let me start this out by saying bad things happen but good people work their way out of it.Due to2 babies, my health and several hospital stays the following is my situation.Own my home.

Hey Teri,I also took my course for my Florida license via Real Estate Express and if you follow the course and review what they say will be on the exam (we have a sheet for the Florida exam which talked about the most common topics on the exam based on % of questions) you will do just fine :)Good Luck and all the best for your new career