The big dividing line is if you choose to do full spectrum or focus 100% on business purpose (i.e.

In future years’ budgets, the association should consider budgeting for an Operating Contingency (funds not earmarked for any specific expense) or should consider creating a line item specifically to fund Prior Year Equity in order to bring the balance into the 10-20% range.If the board doesn't know what it is doing financially then they need a management company that does along with an accountant that understands how HOA's work.

He mentioned they’ve had trouble paying on time lately.2) This place rents for $1,500 now, could be as high as $1,650 fixed up more but the total mortgage payment with taxes and insurance would be about $1,500-1,600.

Start working right away and you could have a well-paying job, be debt free, and own a couple investments within four years. 

With this support system in place, you'll be well-positioned to tackle a flip down the line.

Folks are fighting to pay $700k for a duplex here with market rents of $3,500.

I am debating if I should buy a decently priced home in Florida using a mortgage, rent it out as soon as possible, and have a tenant(s) pay down my mortgage until I am ready to move in and have the mortgage either paid down or nearly paid down.

The condo will have monthly association fees that will significantly eat into your bottom line once you move and rent it out.

Further, he's using an @gmail.com email address—don't get me wrong, I run my RE business through my primary @gmail accounts set up for the LLCs, but as a legitimate tax-paying lending company? 

Close proximity to another source of plumbing - either side by side, or stacked one on top of the other - means easier access to existing water and drain/vent lines, which will almost always be advantageous for your project budget.