However, profits would be bigger if there were no HOA fee and there would be more opportunity to make improvements on the property.

Find out the date of the "switch" and make a new listing and block calendar until that date. 

As always, the bigger pockets community is awesome!! 

TIAErich  Erich - I would echo other's comments, but also point you in the direction of a Bigger Pocket book, "Estimating Rehab Costs" - It's a 2019 version, so the actual dollar amounts will need to be increased, but it can give you a good starting point for the process that you can refine/update over time. 

Quote from @Cam Warren: Hey I’m new to the bigger pockets community.

Maybe something happens on the block which pushes rental rates down, but still provides a sale option.

I enjoy helping new investors and bigger pockets members find and use loopholes to save money.

Quote from @Jose Remor: Hi all, I'm new and found the bigger pockets after reading "How to Invest in real estate" book from Brandon and Josh.

Should these taxes be at a more normal or Canadian-style level, the city of Tulum would have an even bigger infrastructure budget and you wouldn't hear about those issues in the same way.

I do agree with @Joe Gore  and @Rick Harmon  that there’s always room to learn more in this business; I’m learning every day.I also agree that Bigger Pockets articles and forums are a great resource for free information on Notes.