@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. 

For instance, in my market, around the Salt Lake area of Utah, the property value has increased dramatically over this past year especially but the rents are considered pretty low and are expected to increase over the next few years.

Im this instance, the contract price will still typically be reflected the same on the appraisal.seller closing cost subsidy is limited to...3% conventional owner occupied2% conventional investor6% FHA4% VA.