HOA fees are totally property dependent and will vary from over $1,000/mo to no HOA at all, so that is definitely a factor to consider.  

I'd definitely fix it up if you have the money.

If I misinterpreted that let me know but if not I'll definitely take the info and let it add to my perspective.

This guru/owner of this academy seems to have definitely had past success in the real estate market, and I am not clear to whether they are still active in the market because they have built two other businesses they seem to be focused on, I would assume to actively get out of the market and create something else instead.

Based on my calculations, this would lead to cashflows around $700 per month.I am now looking more into FHA loans and wondering if that would be a better idea since I can only use this on my first property.

Definitely can get full doc conventional loans .

Hi Wilson,You should definitely look into problems you are concerned with!

Good Morning all,     I am just starting out in Real estate investing, and am wondering whether or not to set up an LLC.

I was wondering what you guys thought.

If I get the place rented at the amount discussed with the property manager, I'd be basically breaking even.Obviously, the first order of business is to get the first rental property filled, but I'm wondering how I should go about acquiring the next property.