You may have critical facts on your side that the HOA hasn't considered.Outside of that, however, whatever you agreed to when you bought the house in the HOA covenants is what has to be done.

I have a lot of respect for agents and brokers and they possess a lot ok knowledge and expertise that is critical to ensure that transactions are processed properly.

I'm interested in any criticism as well as compliments so we can address any potential issues.

Insurance is critical to offer protection.So how much is enough?

Just like location, employment, employment, employment is a critical factor in evaluating any market.

Also it makes a difference is the house is outdated.If it is functional but outdated it will become an expense for the buyer down the road with upgrading to sell to the next buyer.For instance if a home is 1 to 2 years old and you buy you can get away with owning a few years and reselling without pouring a bunch of money into it.If you buy a house that is say 5 to 10 years old and resell in a few years you will most likely have to spend substantial money updating for resale.On the bpo's now they actually make the 3rd party bpo broker/agent (who does not have the listing)sign an electronic from when submitting the report that they have not been influenced nor have they had discussions with any parties relating to the value of the property.The buyers broker,buyer,listing broker,and seller all have an interest to see the sale happen.The BPO person getting paid for a report is just an objective 3rd party.You want to make sure and not overpay for a property.For instance you put in an offer and wait 2 months for acceptance.Meanwhile the market has declined 6% since then and your deal is no longer that great.It's critical to know with a short sale how many mortgages and liens are present.The more to negotiate the more of a long shot of getting approval from all parties and hitting the value needed.

They want to see 90% to 100% occupancy.Secondly if you could find a private lender they would not give out a larger secondary loan subject to the sellers first mortgage.That is a very weak position to be in.You have to be really careful in smaller towns.The fact that the seller stated it gets better with temp workers shows this might be a one to two company economy town.You want national businesses there along with mom and pop to prop up the economy.You do not want one to two big businesses and if they leave the town becomes a ghost town.I have seen this happen.There was a town where the main employer was for carpets.Many immigrants worked there and rented apartment buildings.The state passed a new immigration law and many fled the area and with construction down not as much work could be found.This led to 100% occupancy and rents going up to 70% occupancy among all the apartment buildings and rents going down.So it is critical when looking at these types of deals to understand what caused the problem and where does the town look like it is going long term.If you estimate the town will take 10 years to cycle and your goal is hold for five it won't really meet your goals plus can you harbor having a problem property until it up cycles again??

Until I got licensed as a realtor, I had no idea what I was missing out on regarding what retail buyers and tenants (who are a critical part of the buy-fix-sell and buy-hold systems) look for when looking for a home.I went and got licensed so I could sell a rehab I was working on.

This will drastically cut down your living expenses (which is critical when starting out at a Big 4 in SoCal), allowing you to save for your next investment.

Hi all, Another way to look at things is that YOUR team in an area is critically important to your success.