As for HOA's in general, the risks are you don't have controlling vote with 40 out of 220. 

Too much risk for us.

Hello fellow investor, When considering whether to invest in real estate or leave money in an IRA, there are several factors to consider.

Prices also vary depending on where you are looking to buy.BRRR and TK are COMPLETELY different strategies with a significantly different risk, time, money & stresses involved. 

And, then there's the political risk.

I have met them several times now and they are very nice people, get along with each other, and seem to help maintain the property well… for the most part… which leads me to my main point.

Some have made more money wholesaling it to me (with little risk), than I had ultimately made flipping it retail (with high risk). 

I am using the occupancy and data that I’ve got from one here and several other golf cart rental companies in Charleston, and the numbers are very compelling.

Gurus teach quick cash grabs as the norm.I've seen GPs churning 6+ deals a year, pulling in Millions in day-one fees and the LPs basically take on all of the equity risks.

However, if you are interested in section 8 or rent-by-the-room investments, these strategies can provide more cash flow but come at a higher risk (one of the many tradeoffs in real estate).