Whether it be a short sale or another direction but helping them be proactive and addressing and overcoming the situation.I am basically doing this to put into practice what I've learned.

I have witnessed and been the victim of many actions by the board I would consider questionable, if not downright irresponsible.Our board engages in practices that are not in the best interest of the HOA members and I'm very curious if there are any "HOA Watch" style sites that allow the establishment of a forum SPECIFIC for a particular HOA community where the members can collectively compile and share information that is otherwise known by individuals only.

Haha, that thing is practically move in ready from what I do, I like 'em wrecked...

@Stevan AdzicOther possible options open to you are:Use a trust account with your lawyer's practice (fine for purchases, etc., but a little tedious - and likely expensive - for day-to-day operations; orOpen a joint account with your local agent (for your LLC) - implies a high degree of trust in your agent;If you are using a local property manager, all the operations will be through their (hopefully segregated) account for your property(ies) ... this leaves you the option of a trust account with your solicitor for the big-ticket matters.In all the above, you will need to provide identification and may need to have it notarized in NSW and send directly to the parties in the U.S.A. ... we were asked to do this when opening a U.S.A. account a number of years ago.

(Tuckpointing in progress without permit)Center stairwell - treads are loose, deck boards are rotting, and tiles are missingHoles in wallsExterminate roachesReplace 6 hot water tanks per violation only, no electricalThe rest of the citations and violations are cosmetic and practical things.

A common practice, in my experience.

I like it a lot and I find I am suprised by structure and the help I can get in areas I am not confortable with (mainly accounting).My hopes, then are to, non-aggresively for now, start buying more properties and educate myself that way through hand-ons practice.

I don't want to get nailed for practicing real estate without a license so I wonder if anybody has any suggestions on how I should do this.

Also it is near a major university and several miles from the Washington D.C. border.Heat -> I can't tell if they share heat or what but I know that the heat bill is on the tenants, not the landlordWater -> Your probably right on this because there is a total of 7 bedrooms between the 3 units so the water is probably higher than my estimate..Management -> Most of the analysis I look at assumes a 10% management fee; is it standard practice to include that fee as well?

Tim and I regularly support each other in our individual law practices and do a lot of business together.