I wanted to clear a few things in case It happens again.In a deal like this, how do you guys deal with the HOA, meaning, do you investigate about active/potential special assessments?

To make things simple, assume rents and interest rates stay the same and the home value appreciates, so you're not spending any additional money on value-add activity , to $120k.

If this truly is the situation then maybe your best bet is to do the same, race to sell yours first while prices are high.

Send me a DM and let's get on the phone, I can walk you through the process.Also, see my thread about one of our active development deals, which outlines almost the entire process (not done yet, but soon): https://www.biggerpockets.com/forums/44/topics/427...

If you want to find a mentor your best bet is a local meet up.

Now this can work, but you're betting on luck to take you there.

The only downside for me (besides debt service) is the opportunity cost of not having the money actively invested. 

While appraisers do need to include actives/pendings in their report, a sold comparable will carry primary weight.

We are both searching for avenues to increase our active and passive income in the Denver Metro area.

Point being, never said what Amazon can't do because every single time Amazon is bet against, they win.