[Dallas-Ft. Worth] Do renters really care about having HOA?

[Steve Sellers]

I am a buy and hold investor focused in DFW area. I look for SFHs generally meeting these criteria: (1) great school district (Plano, Frisco, McKinney, Rockwall etc), (2) low tax rate 2-2.2%, (3) No HOA.

I know the vast majority of developments beyond ~2000ish have HOA. So, no HOA is usually synonymous with older. But I see HOA as a $50/month bill and occasional thorn in my side, and I'm not even sure a rental cost or decision would be based on HOA. Pushing HOA bills to the landlord is a stupid practice, but alas, thats where we're at.

To all the realtors out there, is having an HOA even a top 5 concern for renters? Am I foolish for only looking at no HOA props?