My goal is 100 + apartment complex within 5 years. 

http://www.har.com/content/newsroomHouston Real Estate Highlights in March: Single-family home sales declined 2.2 percent compared to last March;On a year-to-date basis, single-family home sales are up 1.0 percent;Total property sales declined 1.0 percent to 7,375 units;Total dollar volume fell 2.5 percent to $1.9 billion;At 272,658, the single-family home average price was down 1.6 percent compared to last March;The single-family home median price rose 2.4 percent year-over-year to an all-time March high of $215,000;Single-family homes months of inventory climbed to a 3.6-months supply versus 2.8 months a year earlier;Townhomes/condominium sales rose 1.9 percent with the average price down 2.0 percent to $193,483 and the median price up 4.9 percent to $150,000;Leases of single-family homes climbed 9.0 percent with rents up a fractional 0.6 percent to $1,736;Leases of townhomes/condominiums rose 7.4 percent with rents up 1.7 percent to $1,596.

This is the first year I have owned this complex and I noticed their stickers from previous years near my boilers (baseboard heat powered by natural gas).  

Looking back think rather buy stabilized units down there vs ones need remodeling due complexity of finding good contractors.

I'm thinking of buying another one in this complex once I close on this one.

Hello;I am looking to connect with other investors who are starting out and well establish in owning apartment complexes out of state.

As you mentioned the Co-op Boards can and do make things difficult to work a rental business in their complexes.

Lastly, houses are very complex systems.

Typically, the bank only covers 6 months, but you'd have to check via title search or with the HOA board.If you're able to hold it for a year, refinaince and get cash back, this could definitely be a home run since you'd essentially have most of your initial investment back and then after refi, your cash flow would be $479/mo +/-  assuming HOA fees don't increase too much.One last question: does the HOA docs restrict using the condo (or a percentage of the complex's condos) as rentals?

I was on the east side of Baltimore much of Friday and all afternoon yesterday, not just to the north of the Hopkins complex.