🚧When thinking of renovations, the contractor's price per unit will be lower the higher the number of units, and the same for suppliers of renovation materials – flooring, appliances, doors, siding, paint, etc...For instance, we order in bulk for all of our renovations and keep inventory and for doing so we get large discounts.

I could probably count on one hand the number of times something has been stolen, but I can't even remember an instance.

@Stephen DeThample not just the HOA increases, but in some instances the current HOA rates. 

Not knocking anyone, just being to the point as much of the advice is not focused for this specific market/ instance, St Cloud is a really "unique" place in the universe. 

For instance, if tenants don't pay the water bill, will you get a lien placed on you as the owner?

In some instances you may be able to recover fees and litigation expenses from tenants when matters are required to go before the Court.

For instance, your company produces income most likely on its own and you likely have an equity stake in it.

@Khari F.In this instance there was a break in the chain of title, which really isn’t something the seller or I could have avoided.

For instance I needed a wall air conditioner picked up and installed while I was on vacation he picked it up and installed it.

For instance, if rents in the area are 1500 for a 2 bed and the current tenant is month to month at 1000, you want to run the numbers with the end goal value add in mind, e.g. raising rents to market rates.