My feeling is if one offer comes in at $350 today, three more are waiting in the wings, and in three months you might be receiving $375 offers. 

Fix that first.

@Brandon Fo If you lock in a long term fixed rate, the interest rising doesn't matter to existing properties.

I quickly passed on the project so I'm not too sure on where to start to finding a fix for this situation.

Pros: -Most major cap ex fixes are covered-A lot less to rehab if bad tenants- great HOA can fend off bad neighborsNegatives:-If problem happens between units can be a headache-tenants tend to not stay as long-bad hoa can cause some issues There is many factors for you to determine- each situation is different

Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

I also fixed my income and expense rates.

He said i could pay rent per month for a year and fix the house up while i live there and some of the rent and work i did would be credited towards purchade at end of year.

My 30 year fixed rate was 3.2% due to my high credit score and other factors.

I'd write the HOA and ask if they'll at least split the bill with you considering the circumstances and the fact that the repair that would be their responsibility is actually fixed.