Round Table Pizza22722 Lambert StreetLake Forest, CAGood luck 

Yes, they do have HOAs, but HOAs help you maintain the building and generally pay for water/sewer/garbage which you pass on to your tenants.I have been investing in condos personally for a few years now and have seen prices skyrocket.  

But after testing we discovered the water out of the tap (due to lead solder) and the dust in the yard were at superfund cleanup levels.  

And BART across the water is really not that bad.

He has the contract, but is not bringing any cash to the table.  

It makes it a nightmare at the closing table trying to make sure the broker is paid, the agent is paid, the wholesaler is paid, the buyer gets his/her property, and the seller gets paid most importantly the amount they agree to.

At the settlement table, all the seller sees is cash.  

On my house in Lower Queen Anne I have put money into it and brought it up to date (new flooring, new furnace, new tankless water heater, new windows, new counters, etc.).

My mindset is that they get paid no matter what even if I don't have dinner on the table for a month.

Our force appreciation play will blow out of state cash-flow out of the water by a mile. 100% ROI within 2-3 years is quite easy to achieve with minimal efforts.