Since you are in the Pittsburgh area, there is a real estate attorney named Brad Dornish in that area who has a home-study course on "quick selling" property geared toward those in PA (among other courses he offers); cost about $100 so it's about as affordable as you can get.

Paving costs big-time.Condos should have a reserve study.

Study what they are doing and model them.

I did recently read a study that stated that short sales in some parts of the country (Phoenix was one of the top markets for discounts) were as high as 43%, however, I can assure you that the figures did not take into account the rehab costs.

PS: I'd love to know your Experience in RE Study too!

I've asked an HOA here in Southern Cal for an electronic copy of their reserve study, since we are thinking about putting an offer in on a condo (the exterior railings of the complex have extensive wood rot and termite damage).

I suggest taking some time and study BP.

None of what I have stated in intended to insult or attack anyone.I am new to RE Investing but not uneducated I have been studying the RE markets and Investing in general for several years now.

Study the past and current market and go with that.

You will be much better off to spend you time studying and learning this business and saving your cash.