I have seen a huge uptick in activity out there and represented 2 buyers in Kellogg this last month alone, which is unusually high for that area.

As the title says: I need some advice: I bought a home last year as a first-time home buyer.

Also recognize that if there are more defaults in the association, again your buyer pool will be very low as investors typically do not like condos and most owner occupied borrowers do not have cash.IF I was buying that many units I would also have a third party engineering study done or ask the HOA when the last one was done.

And a travel nurse who rented it last month from the seller is going to finish out the lease with us.

So, if somebody wants to invest with you but can't share in the losses, then they aren't really investors.Once you start "pooling" funds, my understanding is it falls under SEC rules and regulations. 

And presented in very complicated way, hard to bring them to an apple to apple comparisson.One way to mitigate the lack of a net metering agreement is with a battery system (see Tesla Powerwall) - a very expensive way to become a truly self-sufficient energy producer (basically you become your own power plant), which rarely makes financial sense unless in a region with frequent power loss or in an off-grid scenario.

Lastly, my advice is spend your time figuring out how to get more properties, not more guests. 

My best deal was an 81% cash on cash return that does not include the appreciation of an additional $60-80k in the last 2 years or the cost seg that got me a $90k tax write off.

I'd cut your losses and go somewhere else.

Background: Last week Arbor Realty Trust foreclosed on four apartment buildings in Houston.