Be aware that they are needing the money to feed their families.

It's not allowable but it's also not a particularly large sum of money and presumably work you would want done anyways.

It's because most people don't understand how money works. 

For him, it isn't about the money.

Don’t waste time or money until you figure out this step. 

Does anyone know of any asset-based hard money lender that does not require credit check.

They will move to a different home where the owner keeps up on maintenance, and you'll be stuck trying to rent a non-functional home or paying a lot of money at once to fix everything back up.Best practice is to maintain your property.

Instead he put said money (other peoples money at that) into higher risk assets/markets which would then be more prone to a price correction.

However, it is hard to gauge the rental potential so many years into the future with new construction SFH and apartments being built in the next few years.I’m worried about the HOA, the rental potential, whether I should keep saving and buy a SFH, or if I should just take the plunge and start building equity.

I don't know what you consider a lot of money spent on advertising and marketing, but I can tell you that $10,000 per month won't scratch the surface.