Some may charge extra for an S8 lease due to all the extra paperwork and chasing required with caseworkers. 

You'll get the earnest money back at closing.

If you are working in the HOA and spending time that is integral to the earning of monies for the rental properties, these extra hours managing managers, educational hours, reviewing financials etc should count.

Just watch how much money you spend.  

Used furniture doesnt bring much money . 

Hi everyone, Like you once were, I am looking to buy my first rental property but I don't exactly have the capital (except for some money in a 401K). 

I say it's a bad idea, i'd rather buy different properties and use that money as down payment.

So, I'm trying to decide between the two options below:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

And also: people are willing to pay a couple hundred bucks extra, too. 

The HOA never spent money on frivolous amenities, but spent it where it counts: keeping the building in excellent working condition.