This, accompanied with their ability to raise fees at will is why buying a condo or in an HOA can always be a risk to an investor.

You won’t get it from the existing tenant as they magically will not be able to afford an extra $100 a month - so if you raise it you will have no occupancy which at end of day neutralizes rent increase3.

It's 1435 sq feet.I have $100,000 per the 50% rule to fix the whole property up without having to raise it to the current base flood elevation of 11 feet. 

It's been the single greatest investment I've made and it changed my life forever by giving me the flexibility to stay home and raise my 3 year old son. 

Very exciting to get to this stage but it raises a few finance questions. 

I asked the question you raised to the current owner (i.e. will I have to adhere to ADA if I make changes to the interior of the commercial space) and his response was that since I'm not changing the zoning of the property but only reconfiguring the space, I wouldn't have to do things like that.

(Some good ways to do this could be to fill vacancy, raise rents, or lower expenses).

Yea this is a tough time because housing prices have inflated so much the past few years and now interest rates have been raised 4 times this year.

There are investors out there who will buy properties with negative cash flow hoping to either raise rents in the future and/or sell in time with appreciation. 

Unless a Brokerage is willing to give me quality leads, I'm not willing to work this way.2) In the meantime that I'm building up my experience and raising the quality of my leads, I'm giving up commissions by splitting the commissions on the buyers that I already have as quality leads through my friends and Investment Partners.