i am planning to buy a condo. can i show HOA as an expense

[Krishnasai Koneru]

hello, I am very new to real estate investing. I am going through the book on rental property investing. I talked to the mortgage department at my credit union usually they are saying condos are high risk. the rental value is 1000$ but the hoa is 330$ so one of the banker is saying do not worry about hoa you will get it back when you file taxes and show it as an expense. and also the interest rate you do not worry about. 

Is this true ?? Any help would be greatly appreciated.