Buying in new community under building

[Walid A.]

There are big builders company who starts big projects in Florida e.g. LG homes, Lennar .. etc

I’m just wondering whether buying one of these properties as a rental property would be a good investment.

The downside is no history of investment on these properties to build on your judgment because it is a brand new communities 

Any thoughts?

[Michael Baum]

Hey @Walid A.. Frankly I think that is a can of worms. 

A new development will have HOA's like @Jeff Kobernus mentioned but you can almost guarantee that neighbors will be a problem. 

For example my daughter lives in such a place and they have a Facebook group and it is the most paranoid and crazy place I think I have ever seen. 

Didja see that car? The black one. That’s not someone who lives here! They are stealing packages!!

That is a real post. Then the owner chimes in and tell them they are looking at lights and live around the corner. 

That gives you an example. I would avoid.