Concrete condos have less to worry about because the Association takes car of the structure and everything in the walls everything in your unit is your responsibility to maintain.  

I have been happy there and the low cost of maintaining a license is very "investor friendly"!

I am a successful professional with my JOB and have done well investing in real estate in the past; but now would like to become a full time real estate investor.My goals are to build my business in phases; phase 1 will be maintaining my JOB while completing 2 Flips/year, adding capital, and also add one rental property every year or two years.

They're easy to set up and maintain and can help you establish your brand in the market.That said, I also agree with Ned though that you shouldn't wait until you have one to get started.

All assets cash flow; not all throw off positive cash flow.These are consolidated into a single excel spreadsheet, maintained and shared with bookkeeper in Dropbox.I monitor my marketing funnels using SmartSheet.

My comment was just that you're probably exposing yourself to $14k in taxable income you didn't have to before.I too own rental property in SD, and the tax implications of increasing cash flow is, for me, one of the contributing reasons why I chose to maintain a majority of the portfolio in SD.Sounds like you're planning to ladder up again in a couple years, though.  

As Dion mentioned, most mortgage docs contain clauses related to maintaining the property and protecting the lender's interest.The first thing I would do is read the documents and see what was included.

I have been doing all this for ten years: turning around and maintaining my units, screening and selecting tenants, moving them in and helping them move out.I've have had between two and eight units and have six currently.

The other units have a furnace that is 15 years old ballpark, the other one is a gas water pump that is old but was just maintained. by a licensed hvac company.

Not all acts will be protected and you must properly maintain the entity and business operations.The biggest considerations, to me, are financing and taxes.