Purchase price: $167,000 Cash invested: $8,000 My wife and I bought a duplex in 2019 -- we got an FHA loan and negotiated the seller to pay $8k towards our closing costs.

My wife and I are looking to go further into real estate investing.

My hangup is that even though the HOA is not allocating $85k for the reserved this year, they will have over $200k in reserves (over 20% of the $850k budget) Everything else has been cleared by the underwriter (insurance policy, occupancy rate, ect..) but I am concerned this deal will fall through because of this issue. 

My husband and I had an offer accepted on our first duplex.

Looking to do some deal analysis to gain some experience and then on to my first deal.

Just the other month I had one of my S8 tenants go through their annual reassessment.

This is my first time going non conventional.

What is my buildable area? 

There are times when we wouldn’t be in the home for a month, so furnished finder makes sense but dates have never quite aligned. thats fair to say im trying to skirt hoa rules, its my first experience with an hoa so im just trying to navigate it. thank you for your response. 

@John P.9.9% financing and do not finance for more than 10 years is my recommendation.