What is the size of the lot? 

Scroll your mouse over the "Education" tab at the top of the screen.

Unfortunately, the expenses are still variable and are always unexpected is such properties - the price of a roof, hot water heater, or air-conditioning compressor replacement will be about the same, regardless of market size.   

At this point, I'm not even sure what size facility to build.

Needing lease up and screening help is one thing, but to just turn it over seems like unnecessary risk.

Hi guys, I found a few 2 bed 1 bath condo in riverside CA for $50k (same community)It is section 8 approved.But it has an HOA of $250/monthI would want to do a a loan for 70% LTV so I can pick up a few of them and still have positive cash flow of about $200 each but I have a few concerns that I was hoping to get some opinions on. 1) HOA is pretty high and I hear that you should not buy investment properties in HOA communities. 2) I hear that it's hard to find financing for a loan size this small.

Your "syndication" cost are too high for the size deal.

You'll see several education guides to dealing with tenants including how to screen new tenants and how evict problematic ones.

Depending on the size you are looking for, you can search realtor.com for smaller deals (mostly less than 20 units that are often listed by residential brokers) and LoopNet for small to large.

Going to attempt to summarize everything up to this point.Current Stage of construction: FramingWe purchased this lot about 3 years ago for $6000Have built 3 homes in this same neighborhood, this is our 4thTook about 6 months of re-zoning to allow for a variance in the rear of the property so we could maximize the size of the home, mainly to accomadate a master bedroom downstairsLot was vacant, cleared out a few trees and started on the foundation, concrete slabAltered the plan a bit so that the patio faced east instead of north, thus making it open to the patio.Project Description: 2-story home, 3 bed, 2.5 bath, 1 office, 1 game room/4th bed2808 sqft,  Lot  6,568 sqft