Hoa issues yes or no?

[Bianca G.]

Hello

I'm looking at a property that's for sale locally.

21% of ownership is investors and they are delinquent on their HOA dues. The community landscaping and maintenance wise looks like a mess but i'm getting a good deal on the property, would it be a good decision to invest in a situation like that. The area in general is growing slowly then other areas.

When I ran the calculator the cap rate was 12%.

Any help would be appreciated.