Over time, analysis that used to take days can take minutes.Limited or missing information and bad pictures = profit for experienced investors because it can limit the buyer pool (i.e. case in point here).  

My brother and I have been talking for quite a while now about pooling our resources to invest, as one of our previous bosses did with his family.

Maybe somewhere sunny, like New Mexico.

Renter pool was nurses, students, financial professionals, and blue collar - kind of all over.

We've lost two months revenues ... six months,  and the pool of opportunity will be drier and with it,  goes much of the value of this particular purchase.  

A resident wrote a letter to the editor of the local paper about an incident at the HOA's pool and they were all over it to fix the issue - I'm about to try that to see where it goes.Side note: I'm not a fan of HOAs, but it's hard to find a decent community up here that isn't run by one.  

What you do not want to do is lower your standards and end up drawing from the shallow end of the tenant pool.   

I personally would stay away of any investment that involves pooled funds. 

Put down 20% ($45k-$60k) and rent it out at min $1400-$1800/mo depending on the bed/sq ft.You'll have better tenant pool, less headaches and you'll still have your original $60k back in your pocket that you started with 6 yrs ago.  

You don't make as much as you could, but I get less turn over and I have a larger pool of good applicants to choose from.