The whole thing seems like a scam to me on so many levels -1 ) The "arrears" are listed as a single line item on the bill with no explanation of how they were derived2 ) We have never ever received a bill for any of the previous years (except for last years fee of $60)3 ) There are no minutes or any information about their policies or decisions on thier website4 ) I googled the "directors" of the homeowners association and they appear to be property investor types rather than local residents5 ) My wife was 13 when she received the land - whatever she signed (almost 30 years ago!!)

Something seems backwards to me unless the 14k is a starting bid...Also congrats on writing an offer!

In addition the report was made available online to me for the next 12 months.All in all it took us about 1.5 hours to go through a duplex...

That is at least what it sounds like to me.

Far more important to me than maximum cash flow is for the property to be "as close to self-managing as possible", as I live in Australia.What I'd really like to do is install on-site management who'll operate the landlording business, so that all the landlording becomes their problem.

To me, it's all about calling, and talking to the people that make it thier business to be market experts.

I know that happened to me, I decided I would turn over some of the leads but could not resist buying some of the deals myself.

Now the enjoyable part of finding a good employee.This is all new to me so I have lots to learn.

I understand mobile home and they been very good to me.

I understand it is somewhat limiting, but it seems to me that paying off the house you have, buying another, paying it off, buying another etc. is the safest way to go.