Work in progress - ceiling fans, high hats, crown molding, new stainless steel appliances & tile in bathroom

@Jeremy England Lender is correct 100% of the time...if you want the money, that is.

It's a business relationship and should be treated as such.Now I am a fan of the "Happy Clause" that was suggested.

Im not a fan of buying these properties for income purposes for the reasons you mentioned, dues, special assessments etc. 

I would also charge a larger deposit to protect me from loss.Option 3: Include heat with the rent.I'm not a fan of this because they have no incentive to conserve fuel.

It failed because the electrician did not wire the bathroom exhaust fans or have an exit sign on the main entrance. 

I tried it, but wasn't a big fan.

If not, be very cautious: 16%+ cash advance rates are common, and that much interest eats up profits quickly..I'm not a fan of borrowing, much less borrowing on credit cards.... if you're going to do it though,consider a less expensive, less risky strategy like asking the Seller to carry a second @7-8% or find a money partner to fund your down payment. 

If there is a gap between the market rents for a apartment or comparable size to what you know you could do in the park then you have more spread to play with than Rams fans do right now!!!

But I'm a fan of sticking to it.