Smart HOAs will raise fees by a small percentage yearly rather than not increasing fees and having to implement a special assessment down the road but many boards don't look that far ahead.

Is managing multiple houses from an hour away smart?

It is a smart idea to have an architect to do the inspection.

The transaction is structured as follows:Original asking price when listed 1 year ago 1.36 milVac Rate: 1%Cap Rate: 6.30%Gr Sch Inc: $138,804Ttl Mnth Inc: $11,567NOI: 85,479New roof, sliding glass doors, decks 2007, very good condition.

If people are paying $825.00 for a one bedroom where you live  then all I can say is you are one smart cookie and you got one hell of deal. 

@JoeyNoelThat is smart advise.

The plan is to eventually refi this property with a conventional loan and cash-out to continue with additional property purchases.You're doing a very smart thing with the house hacking technique.

I just got an S5 smart phone and when I tried logging into BP with the same info that works just fine on my PC, it's says the username or password is incorrect. 

Things we can bring to the table:1- Realtor - access to the MLS for finding and negotiating the best deals 2- Contractor - licensed and insured and in business for 10 years to bring renovation costs down to make more money 3- Money - We have about 20k in Home Depot and Lowe's cards to repair the house4- Work - Willing to do the leg work to find great deals and do complete renovations Problems:1- Credit - My credit is in ok shape, 650 to 700 due to medical bills. 2- Money - I have enough money to do renovationsGoal - Need a smart investor to purchase property with, be a mentor to show us the way.

Is this a 'smart' real estate investment decision to buy another and rent our current house, or should I wait?