Sounds like $15k might be a generally safe bet on houses that look "pretty good"... and obviously upwards from there if adding an additional room.Property management fee: Yes, 10% was my starting rate there, but I have 4 properties in the area currently and my management company has a portfolio rate of 8% once you reach 3+ properties through them which is a nice little bonus.I should have caught the property tax difference!

If want to keep private feel free to PM. 

If anyone would like to discuss things further, feel free to send me a private message.Thanks,Kareem

@Paul Duncan If you can find partners or private lenders locally, it's a plus.

I did mention maybe private money is an option as well as tapping into any equity in the property; or sell as-is.

I would say your best bet is to attend the next Hoa meeting, ask them how they tried to contact you, and then ask for a “reasonable” $50-$100/month fine.

Even if you go with a previous landlord, they can give you the number to one of their friends (if it's a private owner).

Or would you buy an already existing private airport and expand?

Fees for violating the CC&Rs or any resolution must be "reasonable," and $2k for merely failing to provide a copy of your privately held contract with the renters is NOT "reasonable."

A general rule of thumb is 90 days at 90% occupied, but again, I would hold on to the seller finance as long as possible.If you are buying out the seller completely when you do eventually refi, yes, you will need to have some equity (whether that's your own, or another private investor / partner).