Is an HOA a deal breaker for a cash flowing quad?

[Ruben Kanya]

Would you have any pushback or concerns on a cash flowing quad in an HOA community? Is the HOA a deal breaker for you? Slight concern or major concern? If so why?

I was speaking to a partner in my network and they had some concerns around the risk being on the landlord for any tenants' violation to the HOA board...almost similar to a condo...hence why we usually run in the other direction...but what are some other risks or things that you think should be taken into consideration? Or reasons why HOA may not be bad? Open to hearing your thoughts / experiences...thanks!