I hope it's a leaky faucet as well, but like Jon said, I'm definitely going to budget for a worst case scenario.

Hey @Brian Kloft, I use HubSpot, it is FREE, and it does all of the things you mentioned needing in your email.You can set up your account and be loading data into your Contacts database, all well within the next few minutes.I recommend you start there!"

If you plan to demo/build, then make a cash offer for the land value minus the demo.  

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Finally, If I'm living in the 3rd unit and plan to move out upon purchase of a new property, can they estimate the income of the 3rd unit will provide with me moving out and apply that to the property's sustainability?

I would like to get a fairly accurate figures for my modelThanks much Hi Marinta,For a 2 BR unit at Beach Villas @ Ko'olina, here are some expenses:Monthly AOAO Dues:  Approximately $2200/mo and it includes:  Cable TV, Internet Service, Other Common Expenses, Sewer, WaterElectricity:  Varies but I'd estimate $200-$300/mo.Property taxes:  Around $2k/moCleaning:  Around $200 per cleanMaintenance - minimal as units are very well maintained.  

It was more to have another cool place to vacation and let it pay for itself and appreciate.I never plan on selling either property.If I see a great deal on a beach house that will be next.

It also had commercial potential as well as an amazing Airbnb location How did you find this deal and how did you negotiate it?

Having one left brain and one right brain host was a recipe that worked well for me since 2011. 

Develop a plan for marketing and bringing in new business.