i thought if i choose a condo that allows renting, that should not be changed in the futue.as for repairs - how much of these repairs are the hoa responsibilty and not coming from own pocket. if a new a roof is needed do i need to pay for that or is that something that's included in my fees?

Here is what the numbers came out to:$50k unsecured loan at 8% interest from Huntington BankPurchased property for $40k- used the remaining $10k for repairs (repairs should take max of 2 months)Rent house out after repairs are done for $900-$1,000 per month  ARV of property is $60k53rd Bank offers 90% LTV refi after 6 months seasoning and $195 processing fee at closing- Refi property for $54k on a 30yr mortgage at 5%Mortgage payment including taxes & insurance= $436/monthCashflow= $900 - $436 = $464 gross cash flowRemove 20% for cap ex/vacancy/other expenses (round up)= $100Net Cash flow= $364 monthWith the 90%LTV refi I am able to get my initial $50k back from the unsecured loan plus $4k.

Today there is a lot of money out there and people (including my wife) that want to invest.   

(including TENANTS MAINTENANCE)https://www.biggerpockets.com/hubs/business-operat...

I've been involved in pretty much every different type of real estate....including a successful flipping biz AND rentals. 

I own an older house that's in decent shape but needs some renovations including adding dormer to our attic (or just raise the entire roof possibly depending on expense) to facilitate a closet and more headroom creating an actual bedroom. 

This article may help paint a better picture. http://renolandinc.com/reno-construction-update-ne...There is a lot of construction happening such as renovations to major roadways, including a north to south connector that recently opened and revitalization of downtown areas in both Reno and Sparks.

On the side, for the past 12+ years, I've been a hammer-swinger for the two residences I own, doing literally everything except roofing (yep, everything, including plumbing, electrical, ductwork, flooring, demolition, framing, drywall, brick-laying, windows, cabinets...... etc).

When attempting to sign up to use their new portal feature, I noticed they wanted us to agree to some new terms including exclusivity.  

Including ANDRecord the purchase, closing, settlement, loan costAny improvements DepreciationWhere did you get the money from to pay for it At the end what your equity isAND it is pretty simple as long as you track your each and every penny:money inmoney outthe money you owemoney someone owes you= equityOnly possible if you track all on Accrual Basis.