The apartment offers hardwood floors through out, huge master with its own bathroom, central air, storage space, and a balcony.

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

We are the masters of 12-20 unit buildings!

During Negotiations, when is it best to bring up a master leasing agreement?

There's a BP get together group that meets once a month, you can attend a TREIA West event (near Cary), a TREIA main event, TREIA subgroup for newbies which Tim Masters runs....Triangle Deal Maker Sessions usually meets the first Monday of the month (it's the second Monday in September because of Labor Day)....

I am reserving the master bedroom for another person who is considering renting that full time (and happens to be a tutor so that might work into a helpful situation for them both), and I would stuff myself into the last bedroom and share the hall bath with the part time tenant.Additionally something to consider is that I will be doing work on the house over this year including the kitchen, the new 3rd bedroom, and the hall bathroom.  

I am looking at renting the master suite out and stumbled across someone interested in renting a room part time so might also rent an additional room like that to them if we can figure out a price that works.Then I ran across a FSBO in a great rental area...

It looks beautiful and shoots up to the second floor covering the master bedroom windows which provides a much needed privacy from the neighbors  who's lot is very close by.

I've gotten 3 quotes for an approx 400 sq foot master suite addition (plans already approved by the city) and the least expensive was $150,000 - tile, fixtures, etc not included.  

I'm new to the REI game and I'm wondering what are the steps you need to take to master the market where your gonna invest?