Town homes in Arizona...

[Andrew O.]

Hi team, just wanted some feedback from people who have invested in Phoenix/Glendale, and have experience with Hoa fees with a buy and hold strategy.

The numbers on these two condos make sense, $30k will achieve $800 rents, $40k will achieve $900 rents. Both have an Hoa of $150. So these Hoa's cover property tax, exterior insurance, some utilities, obviously exterior maintenance, pool etc.

I'm basically seeing 2% gross rents after Hoa. Are there any headaches etc Hoa's bring? How do you go about making sure an Hoa is financial?

I'm pretty convinced, but since we sold up in MA to invest in CA, my wife is leery of interstate investing, not knowing landlording laws etc in AZ.

Any advise/experiences would be much appreciated.

Andrew.