There's a lot of job growth and relocation happening right now, so a very strong rental market in addition to the seller's market we're still in. 

Well her rent comes out to $28 a day and since you can't rent a motel for that amount we kicked in an additional $40 a day.

My real estate friend said he remembers there being a law in AZ that states HOAs must have a termite bond on all shared/common areas.

Hi @Michael Sato I replied back to you with additional question about the same topic. 

The 70% that they typically refer to is a very common LTV % of the ARV for Hard Money lenders.ARV x 70% = max loanmax loan - repairs - closing costs (hard money origination fees, title fees, state fees) = MAOHopefully that helps, but like I said the closings costs vary by lender.

I am looking at buying down the yield maintenance period for additional flexibility to 10 years.

(I understand the engineering is an additional cost).Thanks!

If you only buy the meters they charge an additional 25%. 

Even though your condo may see additional appreciation, you can't eat equity.

Plus, you're incurring additional expenses that eat into whatever equity you do build up in your 2-3 years.Fair warning, the rest of this may seem like a bit of a downer but having just spent 5 years stationed in San Diego and, after a lot of research, deciding to rent while there and invest in other markets, I think it's worth presenting for you to consider.