@Buyan Thyagarajan You do get more bang for your buck with 3br than 2br, but there are other factors. 

3) I would suggest factoring in property management since there will probably come a time when you don't want to be managing anymore.

Whether the leak and mold is the HOA's or seller's responsibility depends on a few factors and documents, most specifically the CC&R's, but the CC&R's are difficult to read and understand for most agents and non-attorneys. 

.#2 Every Wednesday morning I am at coffee and would be happy to discuss with you what I have done and am currently doing with my $50k in savings. 

Good morning, I have a off market 9 lot with a 3/2 house on the property & a 1 bed apartment above the garage total of potential 11 doors. 3 mobile home lots are empty/vacant.

Has anyone done this before if so can you tell details on how it worked, how much your profits were, what is the risk factor, and how long did it take.

I can tell you that with the bigger pockets calculators  "other income" doesn't factor into the equation when calculating property management fees based on a percentage of monthly income, and I would imagine this would be the standard in the property management world. 

I've been looking at areas with lower costs of living, among other factors. 

I have software that analyzes deals for me since I get so many, I just add the "fudge factor", unknowns, there is a calculation for that most just throw out numbers lol.

Does the difference of the loan's face value and the discount amount they pay not factor in (i.e. loan amt $170k they pay $136k and they get $34k in additional profit once the loan is repaid in full?)