(Note:  The above presumes the deed restriction doesn't forbid you from putting it under contract, which I'm assuming it doesn't...but you need to verify that)(Note 2:  If you're selling to an FHA buyer, there will be restrictions on the FHA side now as well...and that could prevent you from putting it under contract for 90 days. 

It is currently at 10 loans, however most lenders have additional underwriting overlays that may prevent them from lending more than 4 loans.

We have a proposal on the ballot to limit leasing to 25% of the building (but with a hardship exemption), with the expressed purpose of preventing the complex from becoming unwarrantable for lending and preserve property values.

Well hope you filed, Also what I have done to prevent damage is take pictures before and after our tenants have moved in and out this way I dont have to hear it was already broken.

The plumber will charge a lot less to snake out a clog if he doesn't have to remove the trap.

Obviously, no one else would bid, but BOA could wipe the 2nd and 3rd out, plus the HOA, effectively wiping out the need to ever have to "produce the note" or defend any other defense the owner may have had.Surely there's some law which prevents that from happening or it would be done all the time.

Not only is your time worth something, but you just don't know what might happen down the road that might prevent you from managing this property: owning too many units, job relocation, etc.

I have been trying to get into the Real estate business since I've moved from NY to Las Vegas (about 6 years) but lack of proper education and nerves has prevented me from starting out all those years ago.

I hope someone will correct me if I'm wrong but maybe making it clear what kind of expectations you have to the agent can save a lot of time and prevent future resentment.

Right now, I'm little...I simply hope to glean enough information off the experts to prevents a major mishap that would derail my growth.