If none- you can go up 2.2%Unless they are evictable on other grounds- or you can buy them out- I would see if the numbers work where they are.Also- on those old buildings/homes you will find that any renovations can uncover a lot of other issues and costs can grow rapidly.Best of luck

Think about what skills and experience you have that you can build on as well as what you like doing that is marketable in order to uncover what would be fulfilling to do on a daily basis for pay, and do that.

Mold remediation is not cheap and I'm sure there is at least one hidden surprise you would uncover if you did this deal, so be sure to add a 10% overage factor for whatever your contractor friend estimates. 

If the existing lease does not have the language in it that allows for that kind of extra expense (which is probably unusual) that makes a tenant partially or fully responsible with explanation to the new tenants responsiblility for that type of expense for air conditioning that is unusual unless common in that area and might be discovered during the research period on the subject property and uncovered then. 

BP and all the new resources I’ve uncovered as a result are contributing to my analysis paralysis.

From that being said I wanted to get some feedback on my current flip to uncover some possible opportunities that I may have not thought of.

@Page Weil Cash-is-cash...so to speak...sounds like you are paying directly from the HELOC account...rather than taking the cash from the HELOC and dumping it in an unrelated checking account...irrespective, the lender will likely uncover where the funds came from in their due diligence.

They can also uncover some "not so obvious" signs as well. 

The reasoning that was shared is that there is not currently any means to have the renter enter into an agreement with the HOA and there would be uncovered liability. 

If you were thinking about purchasing a house like this, and your inspection uncovered these issues, how would you account for it in your offer?