Have you looked into property management options or run numbers factoring in potential vacancies and maintenance?

Brewerytown and East Passyunk could also be worth exploring.Big projects like Bellwether can boost neighborhoods, but they often take time to show results, so don’t count on them as a main factor.

However, does that include people who wouldn’t qualify?

Augusta indeed offers great potential with a strong rental market driven by factors such as population growth and a stable job market.

Or is it other factors? 

Building a solid team is another crucial factor.

Determine the most likely sales price of the build (factor in the cost of the land also) and include all selling costs to arrive at your net profit and ROI. 

The important things to consider about HOA fees is that they usually include some utilities: Water/Sewer, Trash, sometimes shared amenities like gym, clubhouse, pool, and they are saving you the time and headache for property maintenance: lawn care, tree timing, roof, siding, etc.

This will help you understand the qualifying requirements, key factors to consider when purchasing, and how to assess whether a property might be a good investment at first glance.

Other factors as well of course: DTI, the LTV, primary residence vs investment property, etc.