The worst case scenario is you own a property and you have to rehab a bit to turn it into a flip as opposed to doing it as a rental property.

If the tenant chooses to pay with a credit card or debit card, as opposed to directly from their checking account, they're charged a 3% fee. 

If you have brick on the exterior, you might have to do tuckpointing. $$$2.

HOA is $319, covering exterior, insurance, water and club.

Was thinking it will take about $20-$30k for interior and exterior work for a 1500-2000sq/ft house.

I’m sure it is a headache for many lenders to go through these types of loans as opposed to a conventional or FHA loan.

Check the outside of the property for issues and make a punch list of those that can be done even after the tenants have moved in. ie, when we redo a property, we get the inside completely done and then advertise it while working on exterior items.

You may be able to bring that down a little since the HOA will be handling exterior issues.If this is going to be an investment, you'll need to put at least 20-25% down.

I understand this can happen in any market but I know that MA is also over the top siding with Tenants as opposed to Owners.The reason I ask this is that I'm trying to determine whether or not NH would be a better place to start.  

Hot water heater, paint exterior and interior, etc. need to be budgeted.