An easy math example is $1,250 of rent needs to support $1,000 of mortgage, property taxes and insurance and HOA (if applicable). 

@Alyson Gordon we were originally looking at LTR for the decreased involvement and not needing to furnish a place (and some HOAs are LTR only), but I had not considered corporate housing before; from some brief research looks like this is likely a furnish-required.

Wayne, You’ll also have to take into account the monthly HOA dues into the DSCR calculation.

If you are trying to convert a property under and hoa into an str, your job gets even more complicated as the HOA itself may have its own regulations IF it even accepts it at all.caution: STR market is over saturated in these parts and some of them are shuting down and being converted into corporate housing, mid term rentals, or furnished long term rentals.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Sending you a dm, let's see how we can work together.I help new investors by (1) showing them the different avenues of investing, (2) teaching different methods on how people can use money that is already in their home, (3) showing how some HOA's can benefit in renting, and (4) refer them to this forum to educate themselves deeper as they start.

Those can do very well as long as HOAs dont restrict them.

Just make sure that the local zoning laws and HOA (if applicable) allow for this arrangement.Down Payment Terms: Spreading the $20k down payment over 6 months can ease the upfront financial burden, but ensure you have a clear agreement with the seller on this timeline and any penalties for delayed payments.Best of luck moving forward,KC 

For flipping, I don't do it a lot, I flip one at a time in class B neighborhood (HOA neighborhood) where I build semi luxury houses.

Also, if it's in an HOA, you need to find out the dues so that they don't put a lien for nonpayment.