Cash out refi will be the best bet if it's going to be long term debt that you pay back over years, HELOC will be best bet if you're going to pay it off quickly. 

I bet the one client that did have an issue really wishes they would have asked first.

Bets of luck in achieving them! 

Then send a good handyman through the unit to develop your own list...I'd bet there are plenty of unnecessary items on her list....Look at the existing lease and see what your responsibilities are, then draw up your own contract with them.Frankly I would be turned off if a tenant came up with a list of 'demands' to a new owner....

Keep an open mind as you learn about the facets of real estate and I bet you'll find something you enjoy.

A couple of questions: 1) is 8-10 % for capital reserves realistic or should I adjust up or down and 2) is the fee of 8-10% for property management a good bang for my buck?

I bet she'd be able to provide some advice!

style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-family: "open sans", sans-serif; font-size: 1rem; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 22px; vertical-align: baseline; position: relative; overflow: hidden; caret-color: rgb(52, 65, 77); color: rgb(52, 65, 77); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration: none; height: 296px;">Who knows about the laws and rules regarding the # of units within a condo that are allowed to be rentals vs. owner-occupied?

Meanwhile, sales of new construction single-family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of 800,000, according to the latest data from the U.S.

I’m going to bet that’s not the average property value but rather the average price of properties that were sold.