The fact that some properties don’t have an HOA could be a benefit, no extra fees, but sometimes a well-managed HOA can help maintain property values and curb appeal, which matters for long-term growth.With HOA fees around $600 per year, that’s relatively low and could be worth it if the HOA is active in maintaining common areas and enforcing standards.

He also connected me with his best lending relationships, relators etc...

The harm to a little one from a fall related to a faulty high chair seemed a little too high risk for us.

Most investors in those areas end up burnt out and eventually sell off their properties because of the constant upkeep and tenant-related headaches.BRRRR was hot back when no one really knew about real estate, prices were reasonable, and you could cash flow with 0% down.

([bankrate.com][2])Key Considerations:Equity Requirements: Lenders typically require you to retain at least 20% equity in the property after borrowing.Credit Score: A higher credit score can improve your chances of approval and secure better interest rates.Debt-to-Income Ratio: Lenders assess your ability to repay by evaluating your income relative to existing debts.Loan Purpose: Clearly define how you intend to use the funds, as some lenders may have restrictions.Next Steps:1.

Hopefully you can get the property finished and marketed so you come out relatively unscathed but smarter for the next one.

It's relatively affordable, but you can only report late rent and late fees(fines and other damages you need a judgement) .They also have to be 30 days past due.

Hey, I really relate to this!

How are their current deals performing relative to initial underwriting? 

Located in Seattle.I'm planning to fund the purchase through cash for 20% down / closing costs but plan to use HELOC on existing primary home (based in another city) to fund STR related furnishings & upgrades.