Your investment is at the mercy of the association and its Board of Directors.Some associations welcome investors and are renter friendly and others despite the governing documents permitting rentals are not rental friendly at all, which leads me to my next point.In addition to the REI due diligence you're already doing for the area, the property, rent etc. another very important aspects of this purchase are the governing documents.I would advise anyone who is considering purchasing a townhouse within an association to carefully read the governing documents before making an offer on the home.

. - @Jasmine Patel I would advise folks to be careful about closing air vents as a method of saving energy. 

I would never advise a client to take such a deal.

Looking for a CPA with experience in real estate investing and general tax advising in the DFW area.

@Ken Yu, a note, my advise is focused towards Illinois matters.  

If anyone has experience doing this and/or advise I would be most interested in hearing from you.  

If you have $300k to invest, is it better to buy a $300k property all cash or buy 10 properties with 30k down payment? I am just wondering if paying the outrageous finance fees/interest is worth it to gain more proper...

So many real estate investors have found that student housing is the way to go as have IHowever....what happens when a large commercial company decides to building a crap ton of student housing around your area?Here's...

You might have to hire an attorney and/or a CPA to advise with you on the best company you should form.  

(Amount of money you SPEND per year divided by sustainable rate of return = your retirement number) i.e. you spend $50,000 per year @ 4% safe withdrawal rate = 50,000/0.04 = $2M <- Financial Freedom.The goal isn't to beat some other investor, it's to reach a point that you have monetary security and the freedom to do what you truly want with life.