That way you will know if the present HOA management seems on top of their game.To be fair, the HOAs are no worse than the average SFR owner who ignores the roof until it leaks or otherwise does not maintain the building.

Even heading along the Max lines you can find rents that vary a fair amount when you get out towards the end of the Blue line.I am not saying that every all areas will provide great cashflow.

I think a fair price for both of us is about $185K.

They cut so many corners and still managed to sell a half-assed rehab for a decent profit.I am a mortgage broker, and I know a fair share about the lending side of Real Estate but I seem to hit the same road block when it comes to getting started.My only holdback right now is funds.

The few programs out there that will do blanket residential loans are fairly new and 5+ properties are required.Let's face it.

THIS IS ONLY A PARTIAL LIST.On these thousands of properties, they must concern themselves with occupant issues, safety and hazard issues, legal and title issues, property preservation issues, expense management, documentation and company/lender auditors, investor oversight, potential insurance claims, PMI or M/I claims, government oversight, Fair Housing issues, ooh and Profit/Loss (Values).

in NC for that unit, just curious are you paying fair market?

Otherwise, if you want an appraiser to assign a fair market rent to see what a lender will allow as the contribution toward the purchase price.

A rental value of 1200.00 per month should give you an idea that the property if rented correctly at a fair value should be worth no more than 120,000.

Drive around or look on your local MLS and find a Realtor that seems to have a bunch of investment properties listed.