In general, when you purchase a home in an association you are bound by all of the CC&Rs a.k.a governing documents, which would've included all the rules around rentals.

Rehab would include framing, new electrical, new plumbing, mostly new drywall, full cosmetic rehabs with ARV in the $200 - $250/sq ft range.You can do this yourself if the flipper bought the property on the MLS.

Brian Pleshek This would cause the same issue that was originally posed.

If you are including the cost of financing in your cash flow (sounds like you are), be sure at least that you aren't including principal payments as an expense since these go straight to equity.  

All the info for evicting is included in the regulations.

Also, Bigger Pockets "Rental Property Investing" Book would be a good start for you to include Pro or Plus membership so you can take advantage of deals in BP Market Place.

My client already sold off the most valuable parcels that included manufacturing facilities (not residential), but this 6+ acres of land remain. 

Please include $75 with the full rent this Friday by end of business day.If we did not receive the payment on Friday you will have 3 days notice to pay or vacant.Please confirm today receipt of this email.

I have a team but I am always looking to expand to include other professionals, contractors especially.

I read a couple links online that suggested the bank would consider an offer including closing costs.