No permits pulled yet...

I've had plenty of investors dip their feet into these waters and none of them end up pulling the trigger on actually doing it after doing the math.  

You don't have to pull out any of your 401k but it can be used for a lender as reserves. combine that with credit card limits and that should give you a pretty good buffer.

not only the HOA fee's but the stability of the HOA... an unstable ill functioning HOA can kill a condo projects values.. use your education to delve into the financials of the HOA before pulling the trigger.

I own this free and clear and am looking to pull out the equity.  

Preliminary analysis was positive so I actually pulled the trigger to lock up the land.

If the property doesn't appraise in that range, I am prepared to pull cash out of my working capital to subsidize the difference.  

If I pulled the trigger on this, I would probably try and oust the tenant in the 2 bedroom apt and get someone else in.

Vacancy rate I used was from actual numbers I pulled from the cities housing database.

I'm just starting out. i have financing and a team in place ready to start i just need the right deal to start with. i had a offer ready to place on a house last week, but...I hesitated... and it went under contract before i pulled my head out.