I had the opprtunity to look into the last inspection report, dated January 2024 (done for the other buyer who backed off)  indicates minor issues incluing lead water Line (from Meter to the faucets).

Only issue might be the budget.I think the two main questions I’m trying to answer for now are: 1) Do I want to do short term rentals to increase chase flows or long term so it’s a bit less day-to-day work?

@Craig PillayYou face the same issue many investors face. 

We are currently dealing with a similar issue at a condo on Clearwater Beach, the HOA just told us that they are doing construction NEXT WEEK at the beginning of our peak season and the pool will be closed to boot for a month. 

Maybe two checkin, but your property manager should be able to handle any pool issue too thats my guess, its rare that water will get bad in a week.

Transferring the real estate to an irrevocable trust may help avoid Prop 19 issues and may also preserve your step-up basis for capital gains tax benefits.

At the very most, you will get a “demand” letter from an attorney if something is brewing and your attorney can remove the lien and take appropriate action.That should temporarily protect your interest, then you work on resolving the issue.

HOA issue can also be easily solved. 

Ours was weak and unprofessional, lacking essential elements such as an arbitration clause, dispute resolution mechanisms, and clearly defined communication methods.

Here's an example of an average property I've looked at:My issue is this: If I'm househacking and I live in one of these units, the rents on the other units are nowhere close to covering the expenses on the house like I was expecting.I think I'm missing something either in my expectations or in my calculations, and I could use some help or an explanation I'm fairly certain of the income, tax, and mortgage numbers, but everything else is a guesstimate