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.

@Ramsey Kheshenthis is a long shot but I listed a 8 unit complex here with seller financing that you could take a look at.

Multiple LLC's have also some expense and certainly hassle associated with them. in Oregon we're charged annually and then there is more complexity with accounting plus annual taxation costs.

Non-recourse loans, at 80% LTV, 10 year fixed rate, 30 year amortization, interest only for 1-3 years with low rates are common in apartment lending for stabilized complexes $1 million and up.