I had another client call me and he paid 20k for basically nothing..

Basically white collar is ok, blue collar is not.

I have around $130k in this project so far and am worried that I am going to have to take a huge loss on this project. 

:) If you're not evaluating adjusting rents annually, then this is more a hobby than a business venture.You don't necessarily want to chase market rents to the "penny",  but no increases is usually a sign of lax management.For the condo with numerous special assessments - what is the HOA projecting for the next 2-3 years?

There are plenty of experienced investors here who are happy to talk things through.If you want, feel free to DM me with the basics of your situation.

Basically 125/70.  

Nevada also offers some of the lowest property taxes nationwide.Sources:Homeowners insurance: National/state averages for $300K dwelling coverage with typical deductible.nerdwallet+1Property tax: State/local government averages and example calculations.makefloridayourhome+3https://www.nerdwallet.com/article/insurance/average-homeowners-insurance-costhttps://www.makefloridayourhome.com/florida/blog/property-tax-in-floridahttps://www.nerdwallet.com/insurance/homeowners/nevada-home-insurancehttps://worldpopulationreview.com/states/nevada/property-taxhttps://smartasset.com/taxes/nevada-property-tax-calculatorhttps://www.hometaxsolutions.com/2025/06/how-property-taxes-are-determined/https://www.nerdwallet.com/insurance/homeowners/florida-home-insurancehttps://www.bankrate.com/insurance/homeowners-insurance/states/https://www.axios.com/2025/08/26/home-insurance-premiums-cost-maphttps://matic.com/cost-of-homeowners-insurance-guide/https://www.moneygeek.com/insurance/homeowners/average-home-insurance-cost-calculator-texas/https://www.greatflorida.com/blog/2025/how-much-is-home-insurance-in-florida/https://www.kiplinger.com/taxes/floridians-vote-to-increase-property-tax-breakhttps://www.moneygeek.com/insurance/homeowners/average-cost-home-insurance-nevada/https://states.aarp.org/texas/texas-homeowners-insurance-rates-risehttps://www.texastribune.org/2025/06/04/texas-legislature-property-tax-cuts-2025/https://www.marketwatch.com/insurance-services/homeowners-insurance/average-home-insurance-cost/https://www.rocketmortgage.com/learn/property-taxes-by-statehttps://www.insurance.com/home-and-renters-insurance/home-insurance-basics/average-homeowners-insurance-rates-by-statehttps://belonghome.com/blog/property-taxes-by-state-2025I hope this helps.

You’re in the right place to learn the basics.

It sounds like you may have started with a couple tools on your belt and as time has progressed you have increased the amount of tools and projects you feel comfortable with. 

My partner and I are preparing to purchase our first investment deal, and after years of studying our local market and saving capital, we believe we’ve finally found the right opportunity.The property was originally purchased by a flipper who began renovations but ultimately had the project red-tagged by the township.