I have had the opportunity to meet great people on here, @Rob Suhai showed me a property in Hopatcong, NJ however it was a SERIOUS 'fixer-upper' and out of my budget when it came to renovations. 

It certainly does on purchase price, and perhaps neighborhood, but the multifamily aspect makes the prospective rent so absurd that it might be a good deal anyway.Purchase price: $40,000Taxes: $600/yearUnits: Three 2/1 unitsMarket rent: $550/unitEven with a generous capex budget, you can find a lot of room for cash flow when you're getting 4% rent/value ratio.

The cost is about what you have budgeted for repairs.  

I'm also pointing out that FB isn't the only source for marketing - there are plenty of potential sources of leads, it just takes time, effort, and marketing budget to test.

With a fix and flip loan you will need a detailed budget and full appraisal and the funds will be approved only if the market calls for your specific upgrades.

Purchase price was $1.1M, purchased fall 2016, but we sold our home to purchase this, so 90% of the downpayment came from our house.We're now working on a refi to pull out cash for the next purchase (we rehabbed all units and want to pull our rehab budget back out of the property).

IF you have zero experience in an investor, this is your first property, and you are not a season contractor who knows exactly what renovations can cost, take your 25K budget and increase it by 50% minimum.  

you have no legal standing to see association budget docs/ financials if you are no longer an owner.

Hard to say without knowing your budget, skills, and goals.If you are wanting us to randomly throw out effective strategies, here is one ... if LA proper is too expensive and too competitive for you, then go East young man ...

The rules say 35k but they require a percent to be reserved in case you go over budget so that is where the other 5k goes.