@Michael NotoI like your plan moving from the 4/1 to the 3/2 that 2nd bath is going to be huge when you market the property. 

The biggest issue with holding costs outside of paying interest/taxes/etc is the opportunity cost - being able to take this money into a new project is huge and we're trying to move this and move on to the next one....I think we're right on the money currently with price - we've gone over the comps many times and feel we're slightly below the market offering a ton of value.....Do you think staging is effective on a new higher end homes?

Now if you know you are going for a doctor or other field with huge demand and your income will rise high then it might make a sound investment.

Even though you are young and maybe don't have as much cash built up, I think your willingness to push through the fear and take action is going to be a huge advantage and I really see you becoming very successful!

I'm new to investing and don't know estimated repair values so this is a huge help for me.

But you are right, if somebody isn't supposed to be there, then they shouldn't be there for HUGE liability issues.

. @1% of purchase price/yearHOA is $80/monthPM fee is 8%Clearly there is not a huge amount of positive cash flow month to month.

Also, read the books recommended in the podcasts, they have been a huge help for me.

I have found attorneys to be most beneficial (and happy) when discussing a specific matter or contract to review.  

Originally posted by @Charles Worth:@J ScottI am not nearly as experienced as you are so I assume this exists in another market but so far I have not seen it to such a great extent:....Every market is going to have its quirks, and that's part of the reason why I'm a huge proponent of investing in your own backyard.