He gave me a pitch about his firm, and it seems pretty solid.They buy and hold for cashflow.  

I had recently joined an REIA that's called Northern Virginia RENC and I joined cause they pitched to me this 3 day free seminar to learn about everything in REI for free once I join aside from their monthly meetings.

There are minimal health & safety concerns at this point (which I can deal with quickly) but I'm trying to strategize the best approach to rehabbing this property.Thanks!

He went a little too fast through the section on running numbers, but other than that and the constant sales pitch for the Mastery Program he was a good instructor.

You could petition the seller to make a pitch or the association directly.You will probably need to make a good case to the association members for why they should allow more rentals in their association.  

If I'm over the 80%LTV on the refi  I will have to bring a minimal amount of cash to closing which I will be using a HELOC to accomplish.  

What are the minimal POINTS to consider......?  

We set up a couple of differnet entries based on our account's recommendation to minimize the amount that is subject to self employment tax.

There are a couple of variables in flux at the moment which will help to minimize the risk slightly. 

I have built and fined tuned systems to minimize my involvement with the rental properties and have more of a turn key type of business by understanding the business and finding reliable and trustworthy contractors and real estate agents.