I'm not defending the HOA but I'll bet the reason youre not getting services you normally are provided with is because there are a ton of owners either walking away, being foreclosed up etc who are just not paying dues.

Mach, I think you're wrong.....I've been betting it's 1-2 years down the road in this instant gratification society.

Originally posted by **********:Mathew wrote: "I'd like to know your system or how you cashflow on your properties" I BET!

What is everyone's thought on the initial expendature of funds on propfessional services such as financial planners, attorneys, CPAs, etc.

Sadora,You will need some amount of money as an initial reserve to be used if anything goes wrong early in your business.

You may make it out ok, but I bet it won't be as much fun as you thought.

Here is another idea: Pay with a credit card for the initial and if the roofer does not start, you can call the cc co. show the contract violation and have the charge reversed.

I bet that he will be just fine!

excellent points....I kind of forgot that the HELOC rate could change....mine has a locking option as of yet, so that could help me hedge my bets...thanks for the reply.

Tell them at least you made some of the payments, and now they have the house back to sell again.Your best bet would be to find a house the owner owns free and clear, and get them to do plain and simple owner financing.