HOA and House Hacking?

[Andrew Bissada]

I am looking to do a house hack, but a lot of properties I'm seeing have a HOA. My concern isn't the HOA fee, but with any potential restrictions.

Everything i've been reading talks about the restrictions of HOAs. One of the other threads on BP mentioned that they can restrict things such as whether you can have tenants, what type of lease they can have, that they have to approve each tenant, etc.

What is that like here in Austin? How does it affect a house hack situation in this area?

[Greg Scott]

The HOA issues are not city-specific. They are development-specific.

Condos and Townhomes tend to be the most restrictive and binding, but every HOA is different. When considering buying a property, get the HOA bylaws and READ them. Make that part of your due diligence.