Account Closed , thanks John.I am planning to get insurance for sure. 

Account Closed  You can pull 60% even with poor credit.  

Found the seller (rather, the seller found me) through online marketing (paid traffic).

You must put it in a separate bank account and draw out the rental amount due each month.

I am now interested hiring accountants or lawyers who have experience working with real estate investors and are familiar with best practices to reduce taxes and protect investments.

Oh Jim I forgot to ask, if lots of rent is paid in cash and you are managing it yourself from out of state, how do you plan to get that cash into your bank account?

Account Closed hey man, I know this post is older but I'm curious how you went about getting 2 different lines of credit at the same time.

Account Closed Thanks

I’m not an attorney nor an accountant, so I’d recommended speaking to both of them about your specific situation.

For purposes of discussion here, assume the HOA is well run, the annual operating budget is sound and the account balances for reserves are within the guidelines set forth in the most recent reserve study.