Hopefully they provide a lot of services for that amount, including physical repairs of common areas.It does not appear that Reserve Planning is among those services, since an 8% Reserve seems pretty low.Is the Declarant still in control?  

Once, we got over our control issue, it was a no brainer to trade up, so to speak.

Are you willing to give up control?

A lot of people say it can be done, but there are lot of things that get in the way that you cannot control.

@Skip ReathWith 11 units you control almost 1/3 of the votes, correct?

That is, "the state" controls when the vouchers are sent out, and the counties have no local control over it.  

I'll just say its more than enough to pay an annual salary. 99% of that work is damage control. 

The risk is you lose control over the rehab side and are relying on the contractor. 

His take is you can either own real estate outright, fee simple ownership, or control it via the use of triple net leases.

Internet rates are irrelevant to me as they are out of my control and I can pay the mortgage off in 4-5 years if needed.My target property would look like this:2-4 unit $125-175kPut 25% down Start in AZ, but potentially add Las Vegas and eventually Atlanta as potential locations for investments.