Help on finding my second property

[Saul Clavijo]

Hello all! I am just starting my journey and I had a basic question.

I've already purchased a vacation rental a year ago that I'm practically breaking even on. I was looking into a long term rental for my next purchase and wondering if something with an HOA (apartment or townhouse) would be preferable over a single family home.

Thanks in advance for all the help! I hope to eventually be able to give help and advice too at some point!

[Julio Garcia]

Depends, HOA fee's are variable when it comes to effecting income. I'd stay away. upside is places that have HOA fee's tend to be more taken care of

you also might want to look and see if the HOA will allow you to rent it out, some don't.