Its a 2/2.5 unit that has been easily rentable due to location near a military base for $850/month, but since 2009 the HOA has increased from $161/month to now $286/month, so profit has been slowly reducing on the property from that aspect, secondly since 2009 we have had multiple hail storms cauising major roof damage, which resulted in a few K in special HOA fees to cover the repair cost, thirdly a few months back one of the townhouses in the area had a major kitchen fire and due to the townhouses all being wood built, it spread and burned down all 50 units in the row of units before the fire was under control.

For instance, you have insurance (wind/hail, flood, and liability), taxes, HOA, PM fee, turn over fee, utilities etc.

Hi, my name is Souhimbou Kone, I am a serial entrepreneur, public health practitioner by degree, and computer network & security specialist hailing from the Capital Region of New York(Albany).I am new in Real Estate, and looking to expand my network, circle of associates, knowledge, skills and capital.

For example, if you had a $10,000 hail damage to your roof, you would end up recouping only about $3500 after your deductible.

I'll try and keep it short and sweet as I know all of our time is precious..I have a duplex under contract and a closing date set for this Friday. 3-4 Weeks ago a hail storm hit the city. 

All hail Google!

One had lots of hail damage and the other one was 30 years old and had excessive granular loss (you could barely see any rock left on the shingles).

Here is an example: Carrier A has not wanted much DFW business due to hail storms so they priced themselves out of DFW for 2 years.

Meantime the insurance had sent a check for about $5,000 for hail damage to the roof.

No hail.