Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment (PI): € 487,34 (annual interest € 2.267,28, annual principal € 3.581,91)Tax on income: flat 21%Total annual operating income: € 16.111,20Total annual operating expense: € 6.060,00Question:How do you calculate cash on cash return (ROI)? 

I have not regretted my choice for a minute of supporting a company that in turn 'supports' the BP Forums with their advice and knowledge. 

Thereafter, I’d like to focus on my Sports Agency business and continue building wealth - perhaps progress to commercial deals!

Flipping cars takes a lot of market knowledge and car knowledge.

But I am back and ready to take another crack at things now that I possess some knowledge from reading books and listening to podcasts.

This requires a deep knowledge of execution, but is very rewarding and exciting.

Make sure you're knowledgable and comfortable about everything flipping entails before diving in.

The actual roof should be inspected by someone knowledgeable about roofs. 

I suppose one way to find out if the unit has HOA or not is to call the agency that is listing? 

That might be on the property management company that he was using but it appears that he has had knowledge of it for some time and continued to promote selling more properties to be managed by the same property management company.