I see an HOA as a major Con possibly prolonging the process digging into profitability.

We typically run the drain line from the HRV (as we often mount them in the laundry rm/space) into this floor drain so it's improbable that it will dry out (any more than the trap on the vanity sink ... which would only occur with prolonged vacancy).... but code always gets the last word :-)

They carry risks and you may have to buy on short notice, at who knows what rate, all you're doing is prolonging the inevitable of getting financing, if you can go that route to begin with take title. :)

Since I've been working on my business credit, I'm worried about not having any transactions for a prolonged amount of time.

The padding will help prolong life of carpet.

They are not your friends/good terms, they are using the friendship to prolong it....it never works out.First sign was when they were pushy trying to tell you what to do with the other tenant...your the boss.

Hey Everyone, Sorry about the prolonged radio silence.

Go in with sufficient cash reserves - don't use every dime to get into a property and leave yourself with nothing left to survive a major cap ex issue or a prolonged vacancy. 

The Trust needs to be the buyer to keep that individual in line with the estate.While you could do all this with L/Os it prolongs the issues of transfer and the future loan is a state of limbo, even with credit issues addressed, IMO.

However, holding on to vacant property for prolonged periods of time carries its own risks (I have read about squatters, for example, here on BP-- though I doubt this would happen in my type neighborhood).