It's pretty much the point of the book "Rich Dad, Poor Dad" If you get a college education you spend your life working for "the Man" If you are a entrepreneur you can be much more successful.

Poor guys showed up in the morning--opened the door and :eyes: Thankfully, they were able to shut it before becoming breakfast.

As an added bonus, in all likelyhood the value of your property has appreciated OTOH, if the basic structure is ALSO in poor condition, AND the roof is bad, and its not that great of a location, or floorplan, or... then it won't make any difference- you're looking at a teardown.It also probably won't work if you are unable or unwilling to do any of the work yourself; and/or if you are picking all new contractors out of the Yellow Pages.In general, I disagree with the idea of doing just enough to get it rented, then make it nice when its time to sell.

Only poor people do that (I am not judging them but they have no choice).

I was thinking of writing down a guideline with a series of checklists to have to help make the decision to purchase or not, what to do after the purchase, plans for marketing for rental or sale, etc...Here is my brief list:Pre purchase-Finding a property-Evaluating repairs-Evaluating market value-Evaluating prospective profit-Evaluate best way to financePost purchase-Immediate repairs (needed for habitation)-Long term repairs/upgradesWhat else???

You and your lawyer will need to come to a decision about whether it is worth taking legal action, given the unscrupulous actions you likely took (knowingly or ignorantly) during the transaction and how that might open you up to additional liability.This is still no one's fault but your own.

HOAs have a habit of running things poorly and in the interest of the officers instead of the majority of owners.

I've found that the decision is often based more on the availability of good, reliable, cost effective labor.

., and actually find decision makers on these portfolios?

I don't know which of the remaining VOIP's are the best and I'm not recommending Vonage over any of the other VOIP providers but here's some information on Vonage incase you're trying to make the decision.