Hey guys!I am an investor from New York and am trying to raise capital for my friend who does development and currently owns about 90 units. I am trying to help him grow, as he doesn't like to ask people for money. He...

Hey guys!My current partner currently owns 90 units, all multi-fam. He is currently passing up deals because we no longer have any capital. We created a private placement fund and am about to starting asking friends a...

Company I worked for I know of 2 incidents, both slip falls, Ice, snow.. for injuries.We had snow log to chart salting and sanding.. but company still had to pay for injuries.Also child death in swimming pool, not quite sure what was settlement in that one, they can always find something owner is % responsible for that may have been issue.  

That could increase your holding costs and eat into that profit as well.An old investor I used to work with would say "the juice ain't worth the squeeze" and for $120k you might as well do some much less risk SFR flips that have a much bigger pool of buyers and will easily sell in a month or less.

There should also be a pool, clubhouse, a fancy front entrance etc.I'm ok with paying $180 a month for all of that.For my houses, i pay from $40 a month in a golf course community to $200 a month in a really nice plain subdivision and all i get for those is fancy front entrance, community pool and clubhouse.And every 7 years i get to pay $4500 for exterior maintenance and every 18-20a new roof $5000 (i'm a buy n hold investor). and yardwork here if i want to include it in the rent = $180 a month for 9 mos of the year.So i used to never buy condos, but as RE increase in price here... the condo price points and full coverage HOAs are looking pretty good to me. ( yes i know about the infrequent added project collections-- but those too are usually spread out payments over at least a year).

One on our list has good numbers, BUT it has a pool in the back.

Many applicants lack credit all together, no good or bad, so rigid credit guidelines like 650 minimum score will kill your applicant pool.

I want to be able to save some money so that way I can do a DBA and start a marketing campaign to do a few wholesale deals and I am looking heavily into probate deals cause I live in the retirement capital of the world beautiful sunny south Florida.

The tenant pool is not the best and it's difficult to find quality people that will pay on time and take care of your property.

From a investor stand pointSFH - ProsMore freedom to do whatever you want to the propertyTenants tend to live longer in SFH, and they care for the property SFH - ConsAdditional costs like gardening, pool maintenance etcBig ticketed repairs like roofCondos - ProsCommon areas, roofing, gardening, pool maintenance taken care ofWater/trash/solid waste taken care ofCondos - ConsUnprofessional HOA - trust me they can be pain in a**Sharing walls - unruly neighbors can give your tenants sleepless nights - vice versaTenants tend to eventually move to SFHHigh HOA feesDemanding tenants can and will drive you crazy with common area repairs even though they know you have no control on them - Hot water/Bees etc.