I guess the gold nugget is to find a 0.75% property in a neighborhood that has low taxes and that has most of the CapEx (roof, heater, AC) recently replace and hope your tenant stay for at least 2 years (that's why I'm so focused on good school districts). 

Outright lies about a leaky roof, etc.

Do you call contractors to find out how much they will charge for a new roof?

A capex budget needs to include but not limited to: roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span.

Capital) items like roofs, HVACs, flooring, siding, etc. 

What are the "reserves" how much money is in the bank for those items the HOA is responsible for, ie: roof repair, streets, painting, etc. 

It already has a new roof and the heater is only halfway through its design life.

.) , in a condo if the reserves are too low there could be a big capex expense (pool, roof, parking lot...) resulting in an assessment. 

One major long term repair will be the roof. 2001 build and is original.

View report*This link comes directly from our calculators, based on information input by the member who posted.Up and down duplex, the property is located 5 minutes from a University, middle school, and there is talk about building another school 5 minutes away No vacancies in the last 2 and a half years according to the property manager, new roof last year, the siding looks like it's in good shape.